Computer Modelling Group (TSE:CMG) Hits New 12-Month Low After Analyst Downgrade

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) reached a new 52-week low during trading on Thursday after Cibc World Mkts downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as C$8.67 and last traded at C$8.86, with a volume of 392199 shares traded. The stock had previously closed at C$9.12.

A number of other research firms also recently weighed in on CMG. Raymond James dropped 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. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Ventum Financial decreased their price target on 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 cut their price objective 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, Canaccord Genuity Group lowered shares of Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their target price for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$12.67.

Insider Activity

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business's stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. In the last ninety days, insiders sold 310,210 shares of company stock worth $3,380,366. Insiders own 1.03% of the company's stock.

Computer Modelling Group Stock Performance

The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The stock's 50 day moving average price is C$10.43 and its 200 day moving average price is C$11.45. The company has a market capitalization of C$689.85 million, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.34%. Computer Modelling Group's payout ratio is currently 65.95%.

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.