Computer Modelling Group (TSE:CMG) Shares Down 18.5% - What's Next?

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) fell 18.5% on Thursday . The stock traded as low as C$6.22 and last traded at C$6.40. 1,195,730 shares traded hands during trading, an increase of 534% from the average session volume of 188,540 shares. The stock had previously closed at C$7.85.

Analyst Ratings Changes

Separately, Ventum Cap Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Computer Modelling Group has a consensus rating of "Hold" and a consensus price target of C$13.14.

Computer Modelling Group Stock Down 18.3%

The firm has a 50 day moving average price of C$7.32 and a two-hundred day moving average price of C$7.96. The firm has a market capitalization of C$517.19 million, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's dividend payout ratio is currently 65.95%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Pramod Jain acquired 6,100 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of C$4.99 per share, for a total transaction of C$30,455.47. Also, Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction 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. In the last ninety days, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.