Computer Modelling Group (TSE:CMG) Trading Down 5% - Time to Sell?

Key Points

• CMG shares fell 5% on Friday to C$3.96 (intraday low C$3.92) with about 160,353 shares traded, roughly 25% below the average daily volume.
• Analysts are mixed but mildly positive: the consensus is a "Moderate Buy" with an average target of C$6.05, although several firms recently cut targets (e.g., Raymond James to C$7 from C$10; National Bank to C$5).
• Key fundamentals include a market cap of C$314.8M, P/E ~19.8 and PEG ~1.97; latest quarter EPS was C$0.07 on C$32.7M revenue, and the stock pays a small annualized dividend yield of 1.0% (C$0.04) with a 60% payout ratio.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price was down 5% on Friday . The company traded as low as C$3.92 and last traded at C$3.96. Approximately 160,353 shares were traded during trading, a decline of 25% from the average daily volume of 213,293 shares. The stock had previously closed at C$4.17.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CMG shares. Raymond James Financial lowered their target price on Computer Modelling Group from C$10.00 to C$7.00 and set an "outperform" rating for the company in a report on Wednesday, February 11th. Ventum Financial upped their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a "buy" rating in a report on Thursday, March 26th. Finally, National Bank Financial lowered their target price on Computer Modelling Group from C$6.00 to C$5.00 and set a "sector perform" rating for the company in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$6.05.

Computer Modelling Group Price Performance

The company has a current ratio of 1.30, a quick ratio of 2.25 and a debt-to-equity ratio of 45.07. The stock has a market cap of C$314.81 million, a price-to-earnings ratio of 19.75, a PEG ratio of 1.97 and a beta of -0.67. The stock has a 50-day moving average price of C$4.04 and a two-hundred day moving average price of C$4.67.

Computer Modelling Group (TSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. The firm had revenue of C$32.69 million during the quarter. Computer Modelling Group had a return on equity of 19.68% and a net margin of 13.54%. As a group, equities research analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. Computer Modelling Group's dividend payout ratio (DPR) is presently 60.00%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.