Computer Modelling Group (TSE:CMG) Reaches New 52-Week Low – What’s Next?

Computer Modelling Group Ltd. (TSE:CMG)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$3.54 and last traded at C$3.57, with a volume of 110565 shares. The stock had previously closed at C$3.61.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Ventum Financial raised their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Raymond James Financial cut their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Finally, National Bank Financial reduced their target price on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

Computer Modelling Group Price Performance

The stock has a market cap of C$278.44 million, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.97 and a beta of -0.82. The company has a 50 day simple moving average of C$3.90 and a 200-day simple moving average of C$4.34. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$33.67 million for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. Research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.01 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. Computer Modelling Group’s dividend payout ratio (DPR) is 38.10%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Director Alexander Davern bought 40,000 shares of Computer Modelling Group stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of C$3.88 per share, for a total transaction of C$155,200.00. Following the completion of the acquisition, the director owned 175,000 shares of the company’s stock, valued at C$679,000. This trade represents a 29.63% increase in their position. Insiders have acquired a total of 90,000 shares of company stock valued at $343,485 over the last 90 days. Insiders own 1.03% of the company’s stock.

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.