Ventum Cap Mkts Downgrades Computer Modelling Group (TSE:CMG) to Hold

Computer Modelling Group (TSE:CMG - Get Free Report) was downgraded by research analysts at Ventum Cap Mkts from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

CMG has been the topic of several other research reports. Raymond James reduced their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Cibc World Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. CIBC decreased their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Ventum Financial dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Four 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, Computer Modelling Group currently has an average rating of "Hold" and an average price target of C$13.14.

Computer Modelling Group Price Performance

Shares of CMG traded up C$0.14 during mid-day trading on Thursday, reaching C$7.05. The stock had a trading volume of 136,009 shares, compared to its average volume of 192,385. The business has a fifty day moving average of C$7.73 and a 200 day moving average of C$9.09. Computer Modelling Group has a 12 month low of C$6.61 and a 12 month high of C$14.73. The firm has a market cap of C$568.83 million, a price-to-earnings ratio of 23.25, a PEG 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.

Insider Transactions at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,885 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$8.10, for a total value of C$47,668.50. Also, Senior Officer Pramod Jain bought 4,635 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of C$7.68 per share, for a total transaction of C$35,590.31. In the last three months, insiders have purchased 32,060 shares of company stock worth $243,597 and have sold 17,985 shares worth $145,719. 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.