Computer Modelling Group (TSE:CMG) Reaches New 12-Month Low - Time to Sell?

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.

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

Analyst Ratings Changes

Separately, Ventum Cap Mkts lowered shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$12.83.

Computer Modelling Group Stock Performance

The stock's 50-day simple moving average is C$7.25 and its 200 day simple moving average is C$7.73. 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 company has a market capitalization of C$518.00 million, a PE ratio of 21.17, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Insider Buying and Selling

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

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.