Computer Modelling Group (TSE:CMG) Hits New 1-Year Low - Here's What Happened

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$8.23 and last traded at C$8.31, with a volume of 201907 shares traded. The stock had previously closed at C$8.37.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. CIBC cut their price objective on shares of 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 objective on shares of 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. Ventum Financial dropped their target price on shares of 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 World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$13.13.

Computer Modelling Group Stock Performance

The company has a market cap of C$650.32 million, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The firm's fifty day moving average is C$10.08 and its 200 day moving average is C$11.17. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group's dividend payout ratio is currently 65.95%.

Insider Activity at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 4,095 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$8.75, for a total transaction of C$35,831.25. Also, Senior Officer Sandra Balic sold 148,110 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Over the last quarter, insiders sold 258,405 shares of company stock valued at $2,829,381. 1.03% of the stock is 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.