Computer Modelling Group (TSE:CMG) Sets New 52-Week Low After Analyst Downgrade

Computer Modelling Group Ltd. (TSE:CMG) shares reached a new 52-week low during trading on Thursday after Raymond James Financial lowered their price target on the stock from C$10.00 to C$7.00. Raymond James Financial currently has an outperform rating on the stock. Computer Modelling Group traded as low as C$3.81 and last traded at C$3.96, with a volume of 344666 shares trading hands. The stock had previously closed at C$3.89.

CMG has been the subject of several other reports. BMO Capital Markets lowered their target price on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. Canadian Imperial Bank of Commerce cut their price objective on Computer Modelling Group from C$6.50 to C$5.50 in a research report on Monday, December 15th. Ventum Financial raised Computer Modelling Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 13th. National Bank Financial set a C$6.00 price objective on shares of Computer Modelling Group and gave the company a “sector perform” rating in a report on Thursday, December 18th. Finally, Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$6.13.

Computer Modelling Group Stock Up 1.5%

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 firm has a fifty day moving average price of C$5.02 and a 200 day moving average price of C$5.67. The firm has a market capitalization of C$316.59 million, a price-to-earnings ratio of 19.75, a PEG ratio of 1.97 and a beta of -0.64.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.07 EPS for the quarter. Computer Modelling Group had a net margin of 19.18% and a return on equity of 33.54%. The firm had revenue of C$32.69 million for the quarter. As a group, sell-side analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, December 5th. Computer Modelling Group’s payout ratio is currently 60.00%.

Computer Modelling Group Company Profile

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.