Calian Group (TSE:CGY) Stock Price Passes Below 50-Day Moving Average of $61.99

Calian Group Ltd. (TSE:CGY – Get Rating) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$61.99 and traded as low as C$61.85. Calian Group shares last traded at C$62.60, with a volume of 13,745 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CGY shares. Echelon Wealth Partners reiterated a “buy” rating and set a C$85.00 price objective on shares of Calian Group in a research note on Friday, November 25th. BMO Capital Markets dropped their price target on shares of Calian Group from C$95.00 to C$80.00 in a research note on Monday, November 28th. Desjardins reiterated a “buy” rating on shares of Calian Group in a research note on Monday, November 28th. Canaccord Genuity Group raised their price objective on shares of Calian Group from C$80.00 to C$83.00 in a research note on Friday, March 10th. Finally, Bank of Montreal lowered their price objective on shares of Calian Group to C$80.00 and set an “outperform” rating on the stock in a research note on Monday, November 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$80.60.

Calian Group Stock Down 1.4 %

The company has a quick ratio of 1.20, a current ratio of 1.48 and a debt-to-equity ratio of 8.30. The firm has a market cap of C$729.92 million, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90. The stock’s 50 day moving average is C$61.99 and its 200 day moving average is C$60.88.

Calian Group (TSE:CGY – Get Rating) last issued its earnings results on Tuesday, February 14th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.08). The business had revenue of C$147.54 million for the quarter, compared to the consensus estimate of C$142.95 million. Calian Group had a return on equity of 4.60% and a net margin of 2.31%. Analysts forecast that Calian Group Ltd. will post 4.3188896 EPS for the current year.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, February 27th. Calian Group’s payout ratio is 91.06%.

Calian Group Company Profile

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Calian Group Ltd. provides business services and solutions in the areas of health, learning, advanced technology, and IT and Cyber Solutions (ITCS) in Canada and internationally. The company's Advanced Technologies segment offers developed products and engineering solutions for the space, defence, and terrestrial sectors; software and product development, custom manufacturing, full life-cycle support, studies, requirements analysis, project management, multi-discipline engineered system solutions, and training services; systems engineering, integration design, and embedded design solutions; operational management and lifecycle support, modelling and simulation-enabled design, and research and development services; nuclear and environmental services, including environmental protection, radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training; electronic design and manufacturing; satellite communication products, aerospace and defence electronics, and engineering and technical services; wired and terrestrial wireless products, GNSS antennas and receivers, asset management, agriculture technology, nuclear and environment, and composites designs and products.