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

Key Points

• Computer Modelling Group hit a new 52-week low, trading as low as C$3.77 (last C$3.76) on volume of 122,433 shares and was down about 3.1% intraday.
• Analysts maintain a Moderate Buy consensus with an average price target of C$6.13, despite recent target cuts by several brokers to roughly C$5.50–C$7.00.
• Key fundamentals: market capitalization C$298.87M, P/E 18.75, most recent quarterly EPS C$0.07 on C$32.69M revenue, and a small annualized dividend of C$0.04 (yield 1.1%, payout ratio 60%).

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.77 and last traded at C$3.76, with a volume of 122433 shares trading hands. The stock had previously closed at C$3.87.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. National Bank Financial set a C$6.00 price target on Computer Modelling Group and gave the stock a "sector perform" rating in a report on Thursday, December 18th. Canadian Imperial Bank of Commerce reduced their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. Finally, Raymond James Financial lowered their price target on shares of Computer Modelling Group from C$10.00 to C$7.00 and set an "outperform" rating for the company in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$6.13.

Computer Modelling Group Trading Down 3.1%

The business has a 50-day moving average of C$4.49 and a 200-day moving average of C$5.20. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. The stock has a market capitalization of C$298.87 million, a price-to-earnings ratio of 18.75, a PEG ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. The business had revenue of C$32.69 million during the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. As a group, research analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 5th. Computer Modelling Group's payout ratio is 60.00%.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

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