Computer Modelling Group (TSE:CMG) Sets New 1-Year Low – Time to Sell?

Computer Modelling Group Ltd. (TSE:CMG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$7.17 and last traded at C$7.34, with a volume of 241168 shares. The stock had previously closed at C$7.24.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. CIBC cut 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. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Ventum Financial cut their price target 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, Raymond James lowered their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average price target of C$13.13.

Computer Modelling Group Stock Up 1.4 %

The stock has a market capitalization of C$592.22 million, a price-to-earnings ratio of 24.20, a PEG ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The business has a fifty day moving average of C$9.60 and a 200 day moving average of C$10.82.

Computer Modelling Group Announces Dividend

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. This represents a $0.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the company’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. In the last ninety days, insiders sold 54,980 shares of company stock worth $538,600. 1.03% of the stock is currently 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.