Computer Modelling Group (TSE:CMG) Reaches New 12-Month Low – Here’s What Happened

Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$4.51 and last traded at C$4.58, with a volume of 397688 shares. The stock had previously closed at C$4.84.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. CIBC lowered their target price on Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Ventum Cap Mkts raised Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. National Bankshares set a C$6.00 price objective on Computer Modelling Group and gave the company a “sector perform” rating in a report on Thursday, December 18th. Finally, BMO Capital Markets lowered their price objective on Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$8.90.

Computer Modelling Group Trading Down 6.0%

The company has a market capitalization of C$376.42 million, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.97 and a beta of -0.44. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The firm has a fifty day moving average price of C$5.14 and a 200-day moving average price of C$5.83.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 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.