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

Computer Modelling Group Ltd. (TSE:CMG)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$6.61 and last traded at C$6.75, with a volume of 899836 shares changing hands. The stock had previously closed at C$8.20.

Analysts Set New Price Targets

CMG has been the topic of several research reports. Ventum Financial decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. CIBC decreased their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Raymond James decreased their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Ventum Cap Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$13.14.

Computer Modelling Group Trading Up 3.6%

The firm’s 50-day moving average is C$7.76 and its 200 day moving average is C$9.19. 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 capitalization of C$563.99 million, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Insider Activity

In related news, Director Kenneth Michael Dedeluk sold 7,100 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of C$8.00, for a total transaction of C$56,800.00. Also, Senior Officer Pramod Jain bought 14,425 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$7.42 per share, for a total transaction of C$107,011.11. In the last three months, insiders have bought 32,060 shares of company stock valued at $243,597 and have sold 17,985 shares valued at $145,719. 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.