Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share 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 Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$12.83.
Read Our Latest Report on Computer Modelling Group
Computer Modelling Group Price Performance
The firm has a market cap of C$509.12 million, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.97 and a beta of 1.21. The business's 50-day simple moving average is C$7.31 and its two-hundred day simple moving average is C$7.85. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 3.2%. Computer Modelling Group's dividend payout ratio (DPR) is currently 65.95%.
Insider Activity
In related news, Director Birgit Troy purchased 11,100 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of C$6.99 per share, for a total transaction of C$77,589.00. Also, Senior Officer Pramod Jain purchased 6,100 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of C$4.99 per share, with a total value of C$30,455.47. In the last three months, insiders bought 21,346 shares of company stock worth $136,969 and sold 51,800 shares worth $363,190. 1.03% of the stock is currently owned by company insiders.
About Computer Modelling Group
(
Get Free Report)
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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