Computer Modelling Group (TSE:CMG) Trading Down 18.3% - Time to Sell?

Key Points

• Computer Modelling Group Ltd. experienced a significant share price decline of 18.3% on Thursday, falling to C$6.41 from a previous close of C$7.85.
• Analysts from Ventum Capital Markets downgraded the stock from a "strong-buy" to a "hold", with the consensus rating now being "Hold" and an average target price of C$13.14.
• The company declared a quarterly dividend of $0.05 per share, which represents a 3.1% yield and has a payout ratio of 65.95%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price fell 18.3% on Thursday . The company traded as low as C$6.22 and last traded at C$6.41. 1,336,123 shares were traded during trading, an increase of 603% from the average session volume of 190,075 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 note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Computer Modelling Group presently has a consensus rating of "Hold" and an average target price of C$13.14.

Computer Modelling Group Stock Down 18.3%

The stock's fifty day moving average is C$7.32 and its 200 day moving average is C$7.93. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a market capitalization of C$517.19 million, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

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

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Pramod Jain bought 6,100 shares of Computer Modelling Group stock in a transaction dated 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 bought 11,100 shares of Computer Modelling Group stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of C$6.99 per share, for a total transaction of C$77,589.00. In the last three months, insiders have acquired 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.

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.

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