Computer Modelling Group (TSE:CMG) Stock Price Down 18.5% - Time to Sell?

Key Points

• Computer Modelling Group Ltd. shares fell by 18.5%, dropping to a last traded price of C$6.40, with trading volume significantly increasing to over 1.1 million shares.
• Ventum Capital Markets downgraded the stock from a strong-buy to a hold rating, contributing to a consensus rating of "Hold" among analysts.
• The company declared a quarterly dividend of $0.05 per share, resulting in a 3.1% dividend yield based on its current payout ratio of 65.95%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price was down 18.5% during trading on Thursday . The company traded as low as C$6.22 and last traded at C$6.40. Approximately 1,195,730 shares traded hands during mid-day trading, an increase of 534% from the average daily volume of 188,540 shares. The stock had previously closed at C$7.85.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts lowered 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 company's stock. Based on data from MarketBeat.com, Computer Modelling Group currently has a consensus rating of "Hold" and a consensus target price of C$12.83.

Computer Modelling Group Price Performance

The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The firm has a market capitalization of C$528.48 million, a price-to-earnings ratio of 21.60, a PEG ratio of 1.97 and a beta of 1.21. The business has a 50-day moving average price of C$7.31 and a two-hundred day moving average price of C$7.87.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. Computer Modelling Group's payout ratio is presently 65.95%.

Insider Buying and Selling

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 20,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$7.00, for a total transaction of C$140,000.00. Also, Director Birgit Troy bought 11,100 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of C$6.99 per share, with a total value 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. 1.03% of the stock is owned by company insiders.

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.