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

Calian Group Ltd. (TSE:CGY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$45.46 and traded as low as C$43.50. Calian Group shares last traded at C$44.00, with a volume of 35,146 shares trading hands.

Analyst Upgrades and Downgrades

Separately, CIBC cut their target price on Calian Group from C$63.00 to C$62.00 in a research report on Friday, February 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$69.67.

Calian Group Stock Down 2.3 %

The firm has a 50-day moving average of C$45.33 and a two-hundred day moving average of C$47.21. The stock has a market capitalization of C$510.22 million, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Wednesday, February 26th. Calian Group’s dividend payout ratio is currently 119.93%.

Insider Buying and Selling at Calian Group

In other news, Director Lori O’neill purchased 600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of C$44.75 per share, with a total value of C$26,850.00. Following the purchase, the director now directly owns 600 shares of the company’s stock, valued at approximately C$26,850. This trade represents a ∞ increase in their ownership of the stock. In the last quarter, insiders have purchased 882 shares of company stock worth $39,600. 0.63% of the stock is currently owned by company 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.