Computer Modelling Group (TSE:CMG) Hits New 12-Month Low - Should You Sell?

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$6.61 and last traded at C$6.75, with a volume of 899836 shares. The stock had previously closed at C$8.20.

Analyst Ratings Changes

Several research firms have recently commented on CMG. Raymond James lowered their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Cibc World Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Financial dropped their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, CIBC cut their price objective on 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$13.13.

Computer Modelling Group Stock Performance

The firm's fifty day simple moving average is C$7.78 and its 200 day simple moving average is C$9.24. The company has a market capitalization of C$544.62 million, a PE ratio of 22.26, a price-to-earnings-growth 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.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.96%. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Pramod Jain purchased 4,635 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$35,590.31. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$8.25, for a total transaction of C$41,250.00. Over the last quarter, insiders have purchased 32,060 shares of company stock worth $243,597 and have sold 17,985 shares worth $145,719. Company 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.

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