Computer Modelling Group (TSE:CMG) Hits New 52-Week Low - What's Next?

Key Points

• Computer Modelling Group Ltd. (TSE:CMG) has reached a new 52-week low in its share price, trading as low as C$6.02 and closing at C$6.11 as of recent trading.
• The stock has been downgraded by Ventum Cap Mkts from a "strong-buy" rating to a "hold" rating, with an average consensus price target of C$12.60.
• Recently, the company declared a quarterly dividend of $0.01 per share, translating to a dividend yield of 0.7%, while the company’s dividend payout ratio stands at 76.92%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$6.02 and last traded at C$6.11, with a volume of 124246 shares changing hands. The stock had previously closed at C$6.10.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Computer Modelling Group presently has a consensus rating of "Hold" and an average target price of C$12.60.

Computer Modelling Group Price Performance

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 company has a market capitalization of C$526.91 million, a P/E ratio of 24.54, a P/E/G ratio of 1.97 and a beta of -0.29. The business's fifty day moving average price is C$6.84 and its 200-day moving average price is C$7.28.

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 paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.04 annualized dividend and a yield of 0.6%. Computer Modelling Group's payout ratio is presently 76.92%.

Insider Buying and Selling

In other news, Director Kenneth Michael Dedeluk sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$7.00, for a total value of C$140,000.00. 1.03% of the stock is owned by insiders.

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.