Calian Group (TSE:CGY) Stock Price Down 17.5% – What’s Next?

Calian Group Ltd. (TSE:CGY) was down 17.5% on Wednesday . The stock traded as low as C$38.91 and last traded at C$40.12. Approximately 113,648 shares were traded during trading, an increase of 255% from the average daily volume of 32,004 shares. The stock had previously closed at C$48.65.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CGY shares. Royal Bank of Canada cut their target price on Calian Group from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. CIBC lowered their target price on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th.

Calian Group Price Performance

The company has a 50-day moving average of C$44.77 and a two-hundred day moving average of C$46.65. The stock has a market capitalization of C$486.71 million, a PE ratio of 43.90, a P/E/G ratio of 2.50 and a beta of 0.88. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.12 annualized dividend and a yield of 2.73%. Calian Group’s dividend payout ratio (DPR) is presently 119.93%.

Insider Buying and Selling

In other news, Director Lori O’neill acquired 600 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 600 shares in the company, valued at C$26,850. This trade represents a ? increase in their position. 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.