Computer Modelling Group (TSE:CMG) Reaches New 1-Year Low – Should You Sell?

Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$4.68 and last traded at C$4.76, with a volume of 265773 shares traded. The stock had previously closed at C$4.79.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. BMO Capital Markets dropped their target price on Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. CIBC decreased their price target on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Ventum Financial upgraded Computer Modelling Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$9.88.

Computer Modelling Group Trading Down 0.4%

The firm has a market cap of C$394.62 million, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.97 and a beta of -0.21. The company has a 50-day simple moving average of C$5.83 and a 200 day simple moving average of C$6.70. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a $0.01 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. Computer Modelling Group’s dividend payout ratio is 64.00%.

About Computer Modelling Group

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.