Computer Modelling Group (TSE:CMG) Trading Down 13.2% – Here’s Why

Computer Modelling Group Ltd. (TSE:CMG) fell 13.2% during mid-day trading on Wednesday . The stock traded as low as C$8.75 and last traded at C$9.20. 228,500 shares traded hands during trading, an increase of 63% from the average session volume of 139,875 shares. The stock had previously closed at C$10.60.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. CIBC lowered their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.39.

Computer Modelling Group Trading Down 12.7 %

The firm has a market cap of C$757.11 million, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The company has a 50 day moving average price of C$10.56 and a 200 day moving average price of C$11.56.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. On average, research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 2.16%. Computer Modelling Group’s dividend payout ratio (DPR) is 71.43%.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total transaction of C$283,850.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Insiders sold 325,210 shares of company stock valued at $3,533,366 in the last three months. 1.03% of the stock is owned by corporate insiders.

Computer Modelling Group Company Profile

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.