Computer Modelling Group (TSE:CMG) Hits New 52-Week Low – What’s Next?

Computer Modelling Group Ltd. (TSE:CMG)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$7.17 and last traded at C$7.34, with a volume of 241168 shares trading hands. The stock had previously closed at C$7.24.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets cut their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Ventum Financial cut their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Raymond James reduced their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. CIBC lowered their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

Computer Modelling Group Stock Performance

The firm has a 50 day moving average of C$9.60 and a two-hundred day moving average of C$10.82. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The stock has a market cap of C$592.22 million, a PE ratio of 24.20, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50. Insiders have sold 54,980 shares of company stock valued at $538,600 in the last ninety days. 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.