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

Key Points

• Computer Modelling Group Ltd. shares fell 18.3%, with trading prices reaching as low as C$6.22 before closing at C$6.41.
• Analysts downgraded the stock from a "strong-buy" to a "hold" rating, resulting in an average rating of "Hold" and a consensus price target of C$13.14.
• The company announced a quarterly dividend of $0.05, leading to an annualized yield of 3.1%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s stock price was down 18.3% during trading on Friday . The stock traded as low as C$6.22 and last traded at C$6.41. Approximately 1,336,123 shares traded 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.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$12.83.

Computer Modelling Group Price Performance

The stock's fifty day moving average price is C$7.31 and its two-hundred day moving average price is C$7.85. The firm has a market capitalization of C$518.00 million, a price-to-earnings ratio of 21.17, 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 Dividend Announcement

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

Insider Activity

In other news, Director Kenneth Michael Dedeluk sold 20,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$7.00, for a total value of C$140,000.00. Also, Director Birgit Troy acquired 11,100 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of C$6.99 per share, with a total value of C$77,589.00. In the last three months, insiders have bought 21,346 shares of company stock worth $136,969 and have 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.