Computer Modelling Group (TSE:CMG) Shares Down 18.3% - Here's Why

Key Points

• Computer Modelling Group Ltd. shares fell by 18.3%, dropping as low as C$6.22, and closing at C$6.41 amidst a significant increase in trading volume.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, contributing to an overall average rating of "Hold" with a target price of C$13.14.
• The company recently paid a quarterly dividend of $0.05, resulting in an annual yield of 3.1%, while corporate insiders have been active in buying and selling shares of the company.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price fell 18.3% on Thursday . The company traded as low as C$6.22 and last traded at C$6.41. 1,336,123 shares were traded during mid-day trading, an increase of 603% from the average session volume of 190,075 shares. The stock had previously closed at C$7.85.

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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Computer Modelling Group has an average rating of "Hold" and a consensus price target of C$13.14.

Computer Modelling Group Trading Down 18.3%

The firm has a market capitalization of C$517.19 million, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company's 50-day simple moving average is C$7.32 and its 200 day simple moving average is C$7.93.

Computer Modelling Group Announces Dividend

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

Insiders Place Their Bets

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