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

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

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Ventum Financial cut their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC dropped their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James dropped their target price 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average price target 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 business’s 50-day moving average is C$10.03 and its two-hundred day moving average is C$11.13. The firm has a market cap 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 company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Insiders Place Their Bets

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total value of C$283,850.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$8.25, for a total transaction of C$41,250.00. In the last 90 days, insiders sold 253,405 shares of company stock worth $2,766,531. Insiders own 1.03% of the company’s stock.

About Computer Modelling Group

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.