Calian Group Ltd (TSE:CGY) Director Sells C$340,000.00 in Stock

Calian Group Ltd (TSE:CGY) Director Kenneth Jeffrey Loeb sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$34.00, for a total transaction of C$340,000.00. Following the sale, the director now directly owns 6,206 shares in the company, valued at approximately C$211,004.

CGY stock traded up C$0.07 during midday trading on Friday, reaching C$35.55. The company had a trading volume of 7,203 shares, compared to its average volume of 6,213. The company has a debt-to-equity ratio of 11.04, a current ratio of 1.77 and a quick ratio of 1.62. Calian Group Ltd has a 1 year low of C$25.76 and a 1 year high of C$36.00. The company has a market capitalization of $280.72 million and a P/E ratio of 17.74. The firm has a 50-day moving average price of C$33.59 and a 200-day moving average price of C$33.18.

Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.54 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.56 by C($0.02). The business had revenue of C$88.80 million for the quarter, compared to analyst estimates of C$87.58 million. On average, equities analysts predict that Calian Group Ltd will post 2.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, September 4th were paid a $0.28 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.12 dividend on an annualized basis and a yield of 3.15%. Calian Group’s dividend payout ratio is presently 56.00%.

A number of research firms recently weighed in on CGY. Canaccord Genuity reaffirmed a “buy” rating and set a C$40.00 target price on shares of Calian Group in a report on Wednesday. Laurentian decreased their target price on shares of Calian Group from C$38.25 to C$38.00 in a report on Thursday, August 8th.

About Calian Group

Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. The company's Systems Engineering division plans, designs, and implements solutions in satellite communications, defense/security, and high-end telecommunications sectors.

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