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

Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$8.25 and last traded at C$8.42, with a volume of 318572 shares. The stock had previously closed at C$8.55.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research analyst reports. 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 on the stock in a research report on Wednesday, February 12th. CIBC dropped their target price 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 report on Wednesday, February 12th. Ventum Financial dropped 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 report on Wednesday, February 12th. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$12.67.

Computer Modelling Group Stock Down 1.5 %

The stock has a market capitalization of C$679.36 million, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business’s 50-day moving average is C$10.38 and its two-hundred day moving average is C$11.41. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Insiders Place Their Bets

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00. Also, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Insiders have sold 310,210 shares of company stock valued at $3,380,366 over the last ninety days. Company 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.