Computer Modelling Group (TSE:CMG) Sets New 12-Month Low – What’s Next?

Shares of Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week low during trading 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.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMG. 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. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. CIBC dropped their price target on 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. Ventum Financial lowered their target price 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, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$13.13.

Computer Modelling Group Trading Down 0.4 %

The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The business’s 50-day moving average price is C$9.77 and its 200 day moving average price is C$10.93. The company has a market cap of C$632.57 million, a P/E ratio of 25.85, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.55%. Computer Modelling Group’s payout ratio is 65.95%.

Insiders Place Their Bets

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,885 shares of the business’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. Also, Senior Officer Long X. Nghiem sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$10.73, for a total value of C$214,600.00. Insiders sold a total of 85,480 shares of company stock valued at $876,540 in the last 90 days. 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.