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

Key Points

• Calian Group shares fell below their 50-day moving average, trading as low as C$78.21 before closing at C$79.51. The 50-day average is C$79.77, while the 200-day average is C$78.82.
• Analysts remain broadly positive, with all nine analysts rating the stock a Buy and a consensus price target of C$101.72, well above its recent trading price.
• Calian reported quarterly EPS of C$1.10 on revenue of C$230.4 million and declared a quarterly dividend of C$0.28, equivalent to a 1.4% annualized yield.

Shares of Calian Group Ltd. (TSE:CGY - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$79.77 and traded as low as C$78.21. Calian Group shares last traded at C$79.51, with a volume of 18,656 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Ventum increased their price target on shares of Calian Group from C$94.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Stifel Nicolaus set a C$100.00 price target on shares of Calian Group and gave the company a "buy" rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets upped their price objective on Calian Group from C$92.50 to C$98.50 and gave the company an "outperform" rating in a report on Tuesday, May 19th. Ventum Financial set a C$106.00 price objective on Calian Group and gave the stock a "buy" rating in a research report on Thursday, August 27th. Finally, Canaccord Genuity Group raised their target price on Calian Group from C$103.00 to C$105.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Calian Group has an average rating of "Buy" and a consensus price target of C$101.72.

Calian Group Price Performance

The company has a debt-to-equity ratio of 54.28, a quick ratio of 1.20 and a current ratio of 1.61. The stock's 50-day moving average is C$79.77 and its two-hundred day moving average is C$78.82. The stock has a market cap of C$916.19 million, a PE ratio of 24.09, a PEG ratio of 2.50 and a beta of 0.79.

Calian Group (TSE:CGY - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. The business had revenue of C$230.40 million during the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%. On average, equities analysts predict that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were paid a $0.28 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Calian Group's payout ratio is 33.94%.

Insider Transactions at Calian Group

In related news, insider Patrick Belanger Houston purchased 699 shares of Calian Group stock in a transaction on Friday, August 28th. The shares were bought at an average price of C$73.18 per share, with a total value of C$51,152.82. Following the transaction, the insider directly owned 22,965 shares of the company's stock, valued at approximately C$1,680,578.70. This trade represents a 3.14% increase in their ownership of the stock. Company insiders own 0.63% of the company's stock.

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.

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