Computer Modelling Group (TSE:CMG) Hits New 12-Month Low After Analyst Downgrade

Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week low on Thursday after CIBC lowered their price target on the stock from C$14.50 to C$11.00. CIBC currently has a neutral rating on the stock. Computer Modelling Group traded as low as C$8.67 and last traded at C$8.86, with a volume of 392199 shares. The stock had previously closed at C$9.12.

Several other analysts have also recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Ventum Financial lowered their price target on 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. Raymond James cut their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and an average price target of C$12.67.

Insider Transactions at Computer Modelling Group

In related news, Senior Officer Sandra Balic sold 148,110 shares of the stock in a transaction dated 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 Computer Modelling Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00. In the last three months, insiders have sold 325,210 shares of company stock worth $3,533,366. 1.03% of the stock is currently owned by insiders.

Computer Modelling Group Stock Down 2.9 %

The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock’s 50 day simple moving average is C$10.52 and its two-hundred day simple moving average is C$11.53. The firm has a market cap of C$725.19 million, a P/E ratio of 31.64, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. As a group, research analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

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.