Calian Group (TSE:CGY) Sets New 12-Month Low – What’s Next?

Calian Group Ltd. (TSE:CGY) shares hit a new 52-week low on Wednesday . The company traded as low as C$42.65 and last traded at C$42.65, with a volume of 4982 shares changing hands. The stock had previously closed at C$42.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Acumen Capital cut their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial reduced their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Finally, CIBC decreased their price target on Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$72.14.

Calian Group Price Performance

The stock has a market capitalization of C$508.91 million, a price-to-earnings ratio of 45.90, a P/E/G ratio of 2.50 and a beta of 0.88. The company’s 50-day simple moving average is C$48.09 and its 200-day simple moving average is C$47.75. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, February 26th. Calian Group’s dividend payout ratio is currently 119.93%.

Insider Buying and Selling

In related news, Director Young Park sold 4,194 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$50.09, for a total value of C$210,077.46. Also, Director Lori O’neill purchased 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$44.75 per share, for a total transaction of C$26,850.00. Following the completion of the acquisition, the director now directly owns 600 shares in the company, valued at C$26,850. The trade was a ∞ increase in their position. Over the last three months, insiders have acquired 3,147 shares of company stock valued at $148,588 and have sold 10,884 shares valued at $528,380. 0.63% of the stock is owned by insiders.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.