Calian Group (OTCMKTS:CLNFF) Stock Price Down 2.6% – Should You Sell?

Calian Group Ltd. (OTCMKTS:CLNFF)’s share price was down 2.6% on Thursday. The company traded as low as $59.25 and last traded at $60.89. 1,250 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 2,979 shares. The stock had previously closed at $62.52.

Analysts Set New Price Targets

CLNFF has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Calian Group in a research report on Friday, August 14th. National Bank Financial assumed coverage on Calian Group in a research note on Monday, September 14th. They issued an “outperform” rating for the company. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Calian Group in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Calian Group Stock Down 2.6%

The stock’s fifty day simple moving average is $58.27 and its 200-day simple moving average is $56.45.

About Calian Group

Calian Group Ltd. is a Canadian professional services company that provides specialized solutions to government and commercial customers. Its activities span information technology, engineering, training, health services, cybersecurity, and space-related services.

The company supports defense and security organizations with systems engineering, mission support, training, and cybersecurity capabilities. In its health business, Calian provides clinical staffing, medical services, occupational health, and related health-care solutions.