Computer Modelling Group (TSE:CMG) Hits New 12-Month Low Following Insider Selling

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) hit a new 52-week low on Wednesday following insider selling activity. The stock traded as low as C$8.25 and last traded at C$8.42, with a volume of 318572 shares traded. The stock had previously closed at C$8.55.

Specifically, Director Kenneth Michael Dedeluk sold 4,095 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of C$8.75, for a total transaction of C$35,831.25.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMG. CIBC cut their price target on 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. Raymond James cut their price target 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. BMO Capital Markets cut their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Canaccord Genuity Group downgraded Computer Modelling Group from a "buy" rating to a "hold" rating and cut their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, Cibc World Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.13.

Computer Modelling Group Stock Down 2.3 %

The business has a fifty day moving average of C$10.24 and a 200 day moving average of C$11.29. 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 company has a market capitalization of C$675.33 million, a PE ratio of 27.60, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group's payout ratio is presently 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.