Computer Modelling Group (TSE:CMG) Hits New 12-Month Low After Insider Selling

Computer Modelling Group Ltd. (TSE:CMG) shares reached a new 52-week low during trading on Wednesday after an insider sold shares in the company. The stock traded as low as C$8.25 and last traded at C$8.42, with a volume of 318572 shares. The stock had previously closed at C$8.55.

Specifically, Director Kenneth Michael Dedeluk sold 4,095 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 weighed in on CMG. Ventum Financial cut their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets dropped their target price on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Raymond James dropped their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. CIBC dropped their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$13.13.

Computer Modelling Group Stock Up 0.4 %

The firm has a market cap of C$691.47 million, a price-to-earnings ratio of 28.26, a P/E/G ratio of 1.97 and a beta of 1.21. The firm’s 50 day moving average price is C$10.24 and its two-hundred day moving average price is C$11.29. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.33%. Computer Modelling Group’s payout ratio 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.