The latest update is out from Calian Group Ltd. ( (TSE:CGY) ).
Calian Group Ltd. announced plans to increase its share repurchases through block trades, aiming to buy back approximately 250,000 shares worth around $10 million. This decision comes as the company experiences a share price at five-year lows despite consecutive record years of revenue and adjusted EBITDA. Calian’s CEO, Kevin Ford, emphasized the company’s growth potential and the market’s underestimation of its opportunities in defense, space, and healthcare sectors. The move is part of Calian’s strategy to enhance shareholder value and align with its M&A agenda, which remains a top priority for capital allocation.
More about Calian Group Ltd.
Calian Group Ltd. is a diverse company that provides innovative solutions in healthcare, communications, learning, and cybersecurity. With a stable 40-year history, Calian operates across North American, European, and international markets, focusing on customer commitment, integrity, innovation, respect, and teamwork to deliver reliable solutions.
YTD Price Performance: -16.61%
Average Trading Volume: 33,034
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$469.2M
For an in-depth examination of CGY stock, go to TipRanks’ Stock Analysis page.
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