Computer Modelling Group (TSE:CMG) Reaches New 12-Month Low - Here's What Happened

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMG shares. CIBC dropped 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 note on Wednesday, February 12th. 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. Canaccord Genuity Group lowered Computer Modelling Group from a "buy" rating to a "hold" rating and cut their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Raymond James reduced 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. Finally, Cibc World Mkts cut 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$13.13.

Computer Modelling Group Trading Down 6.0 %

The company has a market cap of C$589.00 million, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.97 and a beta of 1.21. The business has a fifty day simple moving average of C$9.66 and a 200 day simple moving average of C$10.86. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

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Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 6th. Computer Modelling Group's dividend payout ratio is currently 65.95%.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 20,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$10.73, for a total transaction of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of Computer Modelling Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total transaction of C$47,668.50. Over the last three months, insiders sold 85,480 shares of company stock valued at $876,540. 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.