Computer Modelling Group (TSE:CMG) Sets New 1-Year Low – Here’s What Happened

Shares of Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$8.23 and last traded at C$8.31, with a volume of 201907 shares trading hands. The stock had previously closed at C$8.37.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMG shares. BMO Capital Markets cut their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Raymond James reduced their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, CIBC dropped their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and an average target price of C$13.13.

Computer Modelling Group Trading Down 2.7 %

The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company’s fifty day moving average is C$10.03 and its 200-day moving average is C$11.13. The firm has a market capitalization of C$634.99 million, a P/E ratio of 25.95, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s payout ratio is 65.95%.

Insider Transactions at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$8.25, for a total transaction of C$41,250.00. Also, Senior Officer Long X. Nghiem sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total transaction of C$283,850.00. In the last three months, insiders sold 253,405 shares of company stock valued at $2,766,531. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.