Computer Modelling Group (TSE:CMG) Sets New 1-Year Low - Time to Sell?

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$7.17 and last traded at C$7.34, with a volume of 241168 shares. The stock had previously closed at C$7.24.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Cibc World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note 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 report on Wednesday, February 12th. Canaccord Genuity Group cut Computer Modelling Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. 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 report on Wednesday, February 12th. Finally, Raymond James lowered their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Computer Modelling Group presently has an average rating of "Moderate Buy" and an average price target of C$13.13.

Computer Modelling Group Stock Up 1.4 %

The stock has a market capitalization of C$592.22 million, a price-to-earnings ratio of 24.20, a PEG ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The business has a fifty day moving average of C$9.60 and a 200 day moving average of C$10.82.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50. In the last ninety days, insiders sold 54,980 shares of company stock worth $538,600. 1.03% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads