Computer Modelling Group (TSE:CMG) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Computer Modelling Group Ltd. (TSE:CMG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.02 and traded as low as C$10.15. Computer Modelling Group shares last traded at C$10.23, with a volume of 199,918 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. CIBC dropped their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. BMO Capital Markets dropped their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.39.

Computer Modelling Group Price Performance

The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The firm has a fifty day moving average of C$10.70 and a two-hundred day moving average of C$11.97. The company has a market capitalization of C$845.51 million, a PE ratio of 36.89, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.94%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Senior Officer Pramod Jain acquired 14,091 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of C$10.68 per share, for a total transaction of C$150,545.43. Insiders sold 310,210 shares of company stock valued at $3,376,616 in the last quarter. Company insiders own 1.03% of the company’s stock.

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.