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

Calian Group Ltd. (TSE:CGY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$82.76 and traded as low as C$77.69. Calian Group shares last traded at C$79.74, with a volume of 21,208 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CGY shares. Royal Bank Of Canada upped their price target on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Canaccord Genuity Group lifted their price objective on shares of 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. Ventum boosted their target price on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, ATB Cormark Capital Markets increased their target price on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, Calian Group currently has an average rating of “Buy” and an average price target of C$92.06.

Calian Group Stock Up 1.6%

The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. The firm has a market capitalization of C$916.29 million, a price-to-earnings ratio of 27.98, a PEG ratio of 2.50 and a beta of 0.97. The stock has a fifty day moving average of C$82.76 and a 200-day moving average of C$74.72.

Calian Group (TSE:CGY) last announced its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share (EPS) for the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%.The company had revenue of C$228.70 million for the quarter. As a group, sell-side analysts expect that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, May 27th. Calian Group’s payout ratio is presently 39.30%.

Insider Buying and Selling

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the transaction, the insider directly owned 22,266 shares in the company, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their ownership of the stock. Corporate 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.