Computer Modelling Group (TSE:CMG) Hits New 1-Year Low - Here's What Happened

Key Points

• Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week low of C$6.21, with the last trade recorded at C$6.26.
• The company received a rating change from Ventum Cap Mkts, dropping from a "strong-buy" to a "hold," contributing to a consensus "Hold" rating among analysts.
• Insider activity includes the purchase of 11,100 shares by Director Birgit Troy, while Director Kenneth Michael Dedeluk sold 20,000 shares, indicating mixed sentiments among insiders.

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$6.21 and last traded at C$6.26, with a volume of 117092 shares. The stock had previously closed at C$6.35.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$12.83.

Computer Modelling Group Trading Down 1.7%

The company has a market capitalization of C$506.70 million, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business has a fifty day moving average price of C$7.25 and a 200 day moving average price of C$7.77. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's payout ratio is 65.95%.

Insiders Place Their Bets

In other news, Senior Officer Pramod Jain bought 6,100 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average price of C$4.99 per share, with a total value of C$30,455.47. Also, Director Birgit Troy purchased 11,100 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of C$6.99 per share, for a total transaction of C$77,589.00. Over the last 90 days, insiders have acquired 21,346 shares of company stock valued at $136,969 and have sold 51,800 shares valued at $363,190. Company insiders own 1.03% of the company's stock.

About Computer Modelling Group

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.