Computer Modelling Group (TSE:CMG) Shares Down 18.3% - Time to Sell?

Key Points

• Computer Modelling Group Ltd.'s stock fell by 18.3% on Thursday, trading at C$6.41, significantly below its previous close of C$7.85, with a notable increase in trading volume.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, resulting in an average target price of C$13.14 based on the latest research reports.
• The company declared a quarterly dividend of $0.05 per share, representing a yield of 3.1%, while insiders have been actively buying and selling shares recently.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price was down 18.3% during trading on Thursday . The company traded as low as C$6.22 and last traded at C$6.41. Approximately 1,336,123 shares changed hands 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 cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$13.14.

Computer Modelling Group Stock Down 18.3%

The company has a market capitalization of C$517.19 million, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a 50-day moving average of C$7.32 and a two-hundred day moving average of C$7.96. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors 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 3.1%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Insider Transactions at Computer Modelling Group

In other news, Director Birgit Troy purchased 11,100 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of C$6.99 per share, for a total transaction of C$77,589.00. Also, Senior Officer Pramod Jain purchased 6,100 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of C$4.99 per share, for a total transaction of C$30,455.47. In the last quarter, insiders purchased 21,346 shares of company stock valued at $136,969 and sold 51,800 shares valued at $363,190. 1.03% of the stock is owned by 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.

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