Calian Group (TSE:CGY) Sets New 52-Week Low at $44.75

Calian Group Ltd. (TSE:CGY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$44.75 and last traded at C$44.84, with a volume of 15595 shares traded. The stock had previously closed at C$45.67.

Analyst Ratings Changes

Several equities analysts recently weighed in on CGY shares. Royal Bank of Canada dropped their price target on shares of Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th. Acumen Capital lifted their target price on Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Canaccord Genuity Group upped their price target on Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. CIBC dropped their price objective on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Finally, Ventum Cap Mkts upgraded shares of Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Calian Group currently has a consensus rating of “Buy” and a consensus target price of C$74.13.

Calian Group Stock Up 0.2 %

The company has a market capitalization of C$529.13 million, a P/E ratio of 31.47, a PEG ratio of 2.50 and a beta of 0.89. The stock has a 50 day moving average price of C$52.99 and a 200 day moving average price of C$55.55. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38.

Calian Group (TSE:CGY) last released its earnings results on Wednesday, August 7th. The company reported C$0.89 EPS for the quarter, missing the consensus estimate of C$0.93 by C($0.04). The business had revenue of C$185.00 million for the quarter, compared to the consensus estimate of C$196.67 million. Calian Group had a net margin of 2.28% and a return on equity of 5.17%. Equities research analysts forecast that Calian Group Ltd. will post 5.0182992 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.51%. Calian Group’s dividend payout ratio (DPR) is currently 78.87%.

Insider Activity

In related news, Director Raymond Gregory Basler sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00. 0.62% of the stock is currently owned by corporate insiders.

About Calian Group

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.