Computer Modelling Group (TSE:CMG) Hits New 52-Week Low on Analyst Downgrade

Computer Modelling Group Ltd. (TSE:CMG) shares reached a new 52-week low on Thursday after Raymond James Financial lowered their price target on the stock from C$10.00 to C$7.00. Raymond James Financial currently has an outperform rating on the stock. Computer Modelling Group traded as low as C$3.81 and last traded at C$3.96, with a volume of 344666 shares. The stock had previously closed at C$3.89.

Several other brokerages have also issued reports on CMG. BMO Capital Markets dropped their price target on Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. Canadian Imperial Bank of Commerce dropped their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research report on Monday, December 15th. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. National Bank Financial set a C$6.00 price target on shares of Computer Modelling Group and gave the stock a “sector perform” rating in a report on Thursday, December 18th. Finally, Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.13.

Computer Modelling Group Stock Up 1.8%

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 firm has a market capitalization of C$327.61 million, a P/E ratio of 15.84, a P/E/G ratio of 1.97 and a beta of -0.64. The stock’s 50-day simple moving average is C$5.04 and its 200-day simple moving average is C$5.68.

Computer Modelling Group (TSE:CMG) last released its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a net margin of 19.18% and a return on equity of 33.54%. The firm had revenue of C$32.69 million during the quarter. As a group, research analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 annualized dividend and a yield of 1.0%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 64.00%.

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.