Calian Group (TSE:CGY) Stock Price Down 1.7% – Time to Sell?

Calian Group Ltd. (TSE:CGY) shares dropped 1.7% during mid-day trading on Tuesday . The company traded as low as C$55.03 and last traded at C$55.03. Approximately 13,614 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 32,914 shares. The stock had previously closed at C$55.98.

Wall Street Analyst Weigh In

CGY has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price target on Calian Group from C$58.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, November 27th. Desjardins upped their price target on shares of Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Ventum Financial increased their price objective on shares of Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. CIBC lifted their target price on shares of Calian Group from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Canaccord Genuity Group upped their target price on shares of Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$63.80.

Calian Group Trading Down 1.7%

The company has a market capitalization of C$624.32 million, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32. The stock’s 50 day moving average is C$53.31 and its two-hundred day moving average is C$51.34. 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 (TSE:CGY) last issued its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share for the quarter. The business had revenue of C$203.18 million for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%. As a group, sell-side analysts predict that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Calian Group’s dividend payout ratio is currently 63.64%.

About Calian Group

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.