Computer Modelling Group (TSE:CMG) Sets New 52-Week Low – Should You Sell?

Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$8.23 and last traded at C$8.31, with a volume of 201907 shares. The stock had previously closed at C$8.37.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMG shares. BMO Capital Markets dropped their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Ventum Financial cut their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. CIBC lowered their price target on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James cut their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

Computer Modelling Group Price Performance

The stock has a market cap of C$670.49 million, a PE ratio of 27.40, a P/E/G ratio of 1.97 and a beta of 1.21. The business has a fifty day simple moving average of C$10.13 and a two-hundred day simple moving average of C$11.21. 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 disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.41%. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$10.41, for a total value of C$104,100.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Over the last 90 days, insiders sold 258,405 shares of company stock valued at $2,829,381. 1.03% of the stock is currently owned by company insiders.

About Computer Modelling Group

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.