Computer Modelling Group (TSE:CMG) Stock Price Down 18.3% - What's Next?

Key Points

• Computer Modelling Group Ltd. saw its stock price drop by 18.3%, trading as low as C$6.22, amidst a significant increase in trading volume.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, with a consensus price target of C$13.14.
• The company offers a quarterly dividend of $0.05, translating to an annualized dividend yield of 3.1%, with a payout ratio of approximately 66%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price dropped 18.3% on Thursday . The stock traded as low as C$6.22 and last traded at C$6.41. Approximately 1,336,123 shares changed hands during mid-day trading, an increase of 603% from the average daily volume of 190,075 shares. The stock had previously closed at C$7.85.

Analyst Ratings Changes

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

Computer Modelling Group Stock Performance

The business's fifty day moving average price is C$7.32 and its 200-day moving average price is C$7.93. The stock has a market cap of C$528.48 million, a PE ratio of 21.60, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27.

Computer Modelling Group Dividend Announcement

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

Insider Buying and Selling at Computer Modelling Group

In related news, Director Birgit Troy acquired 11,100 shares of Computer Modelling Group stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of C$6.99 per share, for a total transaction of C$77,589.00. Also, Senior Officer Pramod Jain bought 6,100 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of C$4.99 per share, for a total transaction of C$30,455.47. In the last ninety days, insiders purchased 21,346 shares of company stock worth $136,969 and sold 51,800 shares worth $363,190. Company 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.