Calian Group (TSE:CGY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Calian Group Ltd. (TSE:CGY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$48.82 and traded as low as C$47.81. Calian Group shares last traded at C$48.61, with a volume of 25,448 shares traded.

Wall Street Analyst Weigh In

CGY has been the subject of a number of recent research reports. Acumen Capital reduced their price target on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial reduced their price target on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$72.29.

Calian Group Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88. The stock has a market capitalization of C$576.03 million, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The firm’s fifty day moving average price is C$48.82 and its two-hundred day moving average price is C$48.62.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, December 9th. Calian Group’s dividend payout ratio (DPR) is 78.87%.

Insider Activity

In related news, Director Young Park sold 4,194 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$50.09, for a total value of C$210,077.46. Also, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. In the last three months, insiders bought 2,297 shares of company stock valued at $110,638 and sold 11,270 shares valued at $546,866. Insiders own 0.63% of the company’s stock.

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.