Calian Group (TSE:CGY) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Calian Group Ltd. (TSE:CGY)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$46.01 and traded as low as C$43.31. Calian Group shares last traded at C$44.00, with a volume of 34,762 shares changing hands.

Wall Street Analyst Weigh In

CGY has been the topic of a number of research analyst reports. Ventum Financial reduced their target price on Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. CIBC reduced their target price on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Finally, Acumen Capital reduced their target price on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Calian Group currently has an average rating of “Buy” and a consensus price target of C$69.67.

Calian Group Stock Down 1.1 %

The firm has a 50-day simple moving average of C$45.92 and a 200 day simple moving average of C$47.25. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20. The company has a market capitalization of C$517.69 million, a PE ratio of 46.70, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 12th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 26th. Calian Group’s dividend payout ratio (DPR) is presently 119.93%.

Insider Buying and Selling at Calian Group

In other Calian Group news, Director Valerie Sorbie bought 1,700 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of C$48.27 per share, with a total value of C$82,059.00. Also, Director Lori O’neill bought 600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of C$44.75 per share, for a total transaction of C$26,850.00. Following the completion of the transaction, the director now owns 600 shares of the company’s stock, valued at approximately C$26,850. The trade was a ∞ increase in their position. Insiders have purchased 3,082 shares of company stock valued at $145,134 over the last three months. 0.63% of the stock is owned by company insiders.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management.