Computer Modelling Group (TSE:CMG) Hits New 12-Month Low – Time to Sell?

Computer Modelling Group Ltd. (TSE:CMG) shares reached a new 52-week low on Thursday . The company traded as low as C$7.78 and last traded at C$7.81, with a volume of 68646 shares traded. The stock had previously closed at C$7.87.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMG shares. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report 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. Ventum Financial cut their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, CIBC lowered their price objective on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.13.

Computer Modelling Group Price Performance

The company has a 50 day moving average price of C$9.72 and a 200-day moving average price of C$10.89. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market cap of C$626.92 million, a price-to-earnings ratio of 25.62, a P/E/G 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. Investors of record on Friday, March 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s payout ratio is presently 65.95%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Pramod Jain bought 14,091 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of C$10.68 per share, for a total transaction of C$150,545.43. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$8.10, for a total value of C$47,668.50. Insiders have sold 85,480 shares of company stock worth $876,540 over the last ninety days. 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.