Calian Group (TSE:CGY) Stock Crosses Below 50-Day Moving Average - Here's Why

Shares of Calian Group Ltd. (TSE:CGY - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$43.92 and traded as low as C$39.21. Calian Group shares last traded at C$40.05, with a volume of 25,084 shares trading hands.

Wall Street Analyst Weigh In

CGY has been the topic of a number of analyst reports. Desjardins lowered their price objective on Calian Group from C$82.00 to C$61.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on Calian Group from C$60.00 to C$58.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. CIBC lowered their price objective on Calian Group from C$63.00 to C$62.00 in a research report on Friday, February 14th. Finally, Canaccord Genuity Group lowered their price target on Calian Group from C$75.00 to C$60.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd.

Calian Group Trading Up 0.1%

The stock has a fifty day moving average of C$43.72 and a 200 day moving average of C$45.66. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The company has a market capitalization of C$483.51 million, a PE ratio of 43.61, a PEG ratio of 2.50 and a beta of 0.88.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 27th. Calian Group's payout ratio is 119.93%.

Insider Activity

In other Calian Group news, Senior Officer Kevin Lee Ford acquired 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were bought at an average price of C$38.37 per share, with a total value of C$38,370.00. In the last 90 days, insiders have purchased 2,494 shares of company stock valued at $96,262. 0.63% of the stock is currently owned by 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.