Computer Modelling Group (TSE:CMG) Reaches New 12-Month Low - What's Next?

Key Points

• Shares of Computer Modelling Group Ltd. reached a new 52-week low at C$6.08, down from a previous close of C$6.20, with a trading volume of 54,670 shares.
• Analysts at Ventum Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, contributing to a consensus rating of "Hold" with an average price target of C$12.83.
• The company recently announced a reduced quarterly dividend of $0.01 per share, yielding 0.7%, with a dividend payout ratio of 76.92%.

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$6.08 and last traded at C$6.11, with a volume of 54670 shares trading hands. The stock had previously closed at C$6.20.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Computer Modelling Group currently has a consensus rating of "Hold" and an average price target of C$12.83.

Computer Modelling Group Price Performance

The company has a market cap of C$505.43 million, a P/E ratio of 23.54, a PEG ratio of 1.97 and a beta of -0.05. The firm's 50-day moving average is C$7.08 and its two-hundred day moving average is C$7.43. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 5th. Computer Modelling Group's dividend payout ratio (DPR) is presently 76.92%.

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$7.00, for a total value of C$140,000.00. Insiders have sold 41,800 shares of company stock worth $293,940 over the last 90 days. Company insiders own 1.03% of the company's stock.

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.

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