Calian Group (TSE:CGY) Trading Down 0.3%

Calian Group Ltd. (TSE:CGY) shares were down 0.3% during mid-day trading on Monday . The company traded as low as C$63.59 and last traded at C$63.80. Approximately 7,850 shares were traded during trading, a decline of 56% from the average daily volume of 17,901 shares. The stock had previously closed at C$64.00.

A number of equities analysts have issued reports on CGY shares. Laurentian Bank of Canada raised their price target on shares of Calian Group to C$74.25 in a research report on Thursday, August 12th. Acumen Capital raised their price objective on shares of Calian Group to C$82.00 in a research note on Thursday, August 12th.

The firm has a market cap of C$719.39 million and a price-to-earnings ratio of 38.77. The business’s 50 day moving average price is C$62.39 and its 200 day moving average price is C$59.67. The company has a debt-to-equity ratio of 6.19, a quick ratio of 2.00 and a current ratio of 2.14.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Tuesday, August 10th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.68 by C$0.30. The firm had revenue of C$136.09 million for the quarter, compared to analyst estimates of C$126.20 million. Sell-side analysts anticipate that Calian Group Ltd. will post 3.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Tuesday, August 24th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.75%. Calian Group’s dividend payout ratio is currently 67.96%.

In related news, Director Raymond Gregory Basler sold 2,000 shares of Calian Group stock in a transaction on Tuesday, June 29th. The shares were sold at an average price of C$60.95, for a total value of C$121,900.00. Following the sale, the director now owns 25,756 shares of the company’s stock, valued at approximately C$1,569,828.20. Also, Director Kenneth Jeffrey Loeb sold 4,500 shares of Calian Group stock in a transaction on Thursday, August 19th. The shares were sold at an average price of C$65.11, for a total transaction of C$292,995.00. Following the completion of the sale, the director now directly owns 6,206 shares in the company, valued at approximately C$404,072.66. Insiders sold a total of 14,125 shares of company stock worth $899,485 in the last three months.

About Calian Group (TSE:CGY)

Calian Group Ltd. provides services and solutions in the areas of advanced technologies, health, learning, and information technology (IT) in Canada, the United States, and Europe. The company's Advanced Technologies segment offers developed products and engineering solutions for software and product development, studies, requirements analysis, project management, engineered system and turnkey solutions, and training; and manufacturing services.

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