Computer Modelling Group (TSE:CMG) Stock Price Down 18.3% - What's Next?

Key Points

• Computer Modelling Group Ltd. shares fell by 18.3% to a latest price of C$6.41 after reaching a low of C$6.22 during mid-day trading.
• Analysts have downgraded the stock's rating from "strong-buy" to "hold", with an average price target of C$13.14.
• The company recently declared a quarterly dividend of $0.05, representing a 3.1% dividend yield and a payout ratio of 65.95%.

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

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 note 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 MarketBeat, the stock has an average rating of "Hold" and an average price target of C$12.83.

Computer Modelling Group Stock Performance

The firm's 50 day simple moving average is C$7.31 and its 200-day simple moving average is C$7.85. The company has a market capitalization of C$509.12 million, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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%.

Insider Activity

In related news, Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$7.00, for a total value of C$140,000.00. Also, Director Birgit Troy bought 11,100 shares of Computer Modelling Group stock in a transaction on Tuesday, May 27th. The stock was 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 have acquired 21,346 shares of company stock worth $136,969 and have sold 51,800 shares worth $363,190. 1.03% of the stock is owned by corporate insiders.

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.