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

Computer Modelling Group Ltd. (TSE:CMG)’s stock price reached a new 52-week low on Wednesday after CIBC lowered their price target on the stock from C$7.50 to C$6.50. CIBC currently has a neutral rating on the stock. Computer Modelling Group traded as low as C$5.08 and last traded at C$5.33, with a volume of 403384 shares changing hands. The stock had previously closed at C$5.63.

Computer Modelling Group Trading Down 5.5%

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$439.36 million, a P/E ratio of 20.46, a P/E/G ratio of 1.97 and a beta of -0.19. The firm has a 50-day moving average of C$6.12 and a two-hundred day moving average of C$6.93.

Computer Modelling Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 76.92%.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.