Computer Modelling Group (TSE:CMG) Rating Lowered to Hold at Ventum Cap Mkts

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

Other equities analysts have also issued research reports about the company. Raymond James cut their target price on 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 Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Financial dropped their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, CIBC dropped their price target on Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Computer Modelling Group has an average rating of "Hold" and a consensus price target of C$13.14.

Computer Modelling Group Stock Performance

Shares of CMG traded down C$0.29 on Thursday, reaching C$6.76. 151,000 shares of the stock traded hands, compared to its average volume of 191,979. The firm has a market cap of C$545.43 million, a price-to-earnings ratio of 22.29, 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 current ratio of 1.27 and a quick ratio of 2.25. Computer Modelling Group has a 12 month low of C$6.61 and a 12 month high of C$14.73. The stock's 50-day moving average price is C$7.73 and its 200-day moving average price is C$9.09.

Insiders Place Their Bets

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00. Also, Senior Officer Pramod Jain purchased 14,425 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of C$7.42 per share, for a total transaction of C$107,011.11. In the last quarter, 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 owned by corporate 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.