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

Key Points

• Computer Modelling Group's stock price fell by 18.3% to C$6.41, marking a significant drop from its previous closing price of C$7.85.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, with a consensus target price of C$13.14.
• Despite the recent downturn, the company announced a quarterly dividend of $0.05 per share, reflecting a 3.1% dividend yield and a payout ratio of 65.95%.

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) traded down 18.3% on Friday . The company traded as low as C$6.22 and last traded at C$6.41. 1,336,123 shares were traded during mid-day 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 lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$12.83.

Computer Modelling Group Stock Performance

The firm has a market cap of C$509.12 million, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock has a fifty day simple moving average of C$7.31 and a 200 day simple moving average of C$7.85. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's payout ratio is currently 65.95%.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, Director Birgit Troy acquired 11,100 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of C$6.99 per share, for a total transaction of C$77,589.00. Also, Director Kenneth Michael Dedeluk sold 20,000 shares of the stock in a transaction that occurred 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. Over the last quarter, insiders purchased 21,346 shares of company stock valued at $136,969 and sold 51,800 shares valued at $363,190. 1.03% of the stock is currently owned by corporate insiders.

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.