Computer Modelling Group (TSE:CMG) Sets New 1-Year Low Following Insider Selling

Shares of Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week low during trading on Wednesday following insider selling activity. The stock traded as low as C$8.25 and last traded at C$8.42, with a volume of 318572 shares changing hands. The stock had previously closed at C$8.55.

Specifically, Director Kenneth Michael Dedeluk sold 4,095 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$8.75, for a total transaction of C$35,831.25.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. CIBC cut 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 report on Wednesday, February 12th. Raymond James cut their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Ventum Financial lowered their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, BMO Capital Markets reduced their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

Computer Modelling Group Stock Up 0.4 %

The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The stock has a market cap of C$691.47 million, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock’s fifty day moving average price is C$10.24 and its 200 day moving average price is C$11.29.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 65.95%.

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.