Computer Modelling Group (TSE:CMG) Sets New 1-Year Low – Here’s What Happened

Computer Modelling Group Ltd. (TSE:CMG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. 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 note on Friday, May 22nd. National Bank Financial decreased their price target on 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. Finally, Ventum Financial raised their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

Computer Modelling Group Price Performance

The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The stock has a fifty day moving average of C$3.87 and a 200-day moving average of C$4.32. The stock has a market capitalization of C$271.42 million, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.97 and a beta of -0.82.

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

Computer Modelling Group Dividend Announcement

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

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Director Alexander Davern bought 40,000 shares of the firm’s stock in a transaction dated 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 purchase, the director owned 175,000 shares of the company’s stock, valued at approximately C$679,000. This represents a 29.63% increase in their ownership of the stock. Insiders have bought 90,000 shares of company stock valued at $343,485 over the last three months. 1.03% of the stock is currently owned by corporate insiders.

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.