Calian Group (TSE:CGY) Share Price Crosses Below 50-Day Moving Average of $48.62

Calian Group Ltd. (TSE:CGY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$48.62 and traded as low as C$46.60. Calian Group shares last traded at C$46.78, with a volume of 13,265 shares.

Analysts Set New Price Targets

CGY has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th. Cormark dropped their target price on Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Ventum Financial cut their price target on Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, CIBC dropped their price target on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$74.00.

Calian Group Stock Down 2.5 %

The firm has a market capitalization of C$540.95 million, a price-to-earnings ratio of 32.15, a P/E/G ratio of 2.50 and a beta of 0.89. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a fifty day moving average of C$48.47 and a two-hundred day moving average of C$53.34.

Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a net margin of 2.28% and a return on equity of 5.17%. The company had revenue of C$185.00 million during the quarter, compared to the consensus estimate of C$196.67 million. Sell-side analysts anticipate that Calian Group Ltd. will post 4.9325726 earnings per share for the current year.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, August 21st. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.

Insider Buying and Selling

In other Calian Group news, insider Calian Technologies Ltd acquired 1,600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of C$46.55 per share, with a total value of C$74,480.00. Insiders bought 2,765 shares of company stock valued at $127,631 over the last quarter. Insiders own 0.63% of the company’s stock.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.