Computer Modelling Group (TSE:CMG) Trading Down 18.1% - Time to Sell?

Key Points

• Computer Modelling Group Ltd. stock price dropped 18.1% during mid-day trading, hitting a low of C$6.22, compared to a previous close of C$7.85.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, indicating a shift in market sentiment, with an average price target of C$13.14.
• The company recently announced a quarterly dividend of $0.05 per share, reflecting a 3.1% yield, while also seeing notable insider transactions with shares bought and sold.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price fell 18.1% during trading on Thursday . The stock traded as low as C$6.22 and last traded at C$6.43. 198,538 shares were traded during trading, an increase of 9% from the average session volume of 181,441 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$12.83.

Computer Modelling Group Stock Performance

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

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were given 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 dividend payout ratio is 65.95%.

Insiders Place Their Bets

In other news, Senior Officer Pramod Jain purchased 6,100 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of C$4.99 per share, with a total value of C$30,455.47. Also, Director Birgit Troy purchased 11,100 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of C$6.99 per share, for a total transaction 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. Insiders own 1.03% of the company's stock.

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.