Computer Modelling Group (TSE:CMG) Reaches New 1-Year Low – Here’s What Happened

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

Analyst Ratings Changes

CMG has been the subject of a number of research reports. Raymond James dropped their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. 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 report on Wednesday, February 12th. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets lowered their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$12.67.

Computer Modelling Group Stock Performance

The firm’s fifty day moving average price is C$10.38 and its 200-day moving average price is C$11.41. 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$679.36 million, a price-to-earnings ratio of 27.77, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 2.38%. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Sandra Balic sold 148,110 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total value of C$1,645,724.27. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Insiders sold a total of 310,210 shares of company stock worth $3,380,366 in the last 90 days. 1.03% of the stock is owned by 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.