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

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$7.07 and last traded at C$7.20, with a volume of 192087 shares traded. The stock had previously closed at C$7.54.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMG. Cibc World Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. CIBC decreased their price target on 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. BMO Capital Markets dropped their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Raymond James cut their target price on 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. Finally, Ventum Financial reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Computer Modelling Group has a consensus rating of "Moderate Buy" and an average target price of C$13.13.

Computer Modelling Group Stock Up 3.6 %

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 firm has a market cap of C$578.51 million, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock's fifty day moving average is C$8.16 and its two-hundred day moving average is C$9.99.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.79%. Computer Modelling Group's payout ratio is presently 65.95%.

Insider Activity

In related news, Senior Officer Pramod Jain acquired 14,425 shares of Computer Modelling Group stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of C$7.42 per share, with a total value of C$107,011.11. Also, Director Kenneth Michael Dedeluk sold 4,095 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$8.75, for a total value of C$35,831.25. In the last quarter, insiders have purchased 32,060 shares of company stock worth $243,597 and have sold 42,080 shares worth $380,800. Corporate 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.