Computer Modelling Group (TSE:CMG) Trading Down 15.9% - Should You Sell?

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) fell 15.9% during mid-day trading on Thursday . The stock traded as low as C$6.87 and last traded at C$6.90. 68,836 shares were traded during mid-day trading, a decline of 62% from the average session volume of 182,155 shares. The stock had previously closed at C$8.20.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. Ventum Cap Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James dropped their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Cibc World Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Ventum Financial lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$13.14.

Computer Modelling Group Stock Performance

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 firm has a 50 day moving average price of C$7.74 and a 200 day moving average price of C$9.13. The stock has a market cap of C$559.95 million, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's payout ratio is 65.95%.

Insider Buying and Selling

In other news, Director Kenneth Michael Dedeluk sold 7,100 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$8.00, for a total transaction of C$56,800.00. Also, Senior Officer Pramod Jain acquired 4,635 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$35,590.31. In the last three months, insiders purchased 32,060 shares of company stock worth $243,597 and sold 17,985 shares worth $145,719. 1.03% of the stock is currently owned by company 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.