Computer Modelling Group (TSE:CMG) Shares Down 14.5% Following Analyst Downgrade

Computer Modelling Group Ltd. (TSE:CMG)’s stock price traded down 14.5% on Wednesday 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$4.03 and last traded at C$4.08. 181,223 shares traded hands during trading, an increase of 1% from the average session volume of 179,706 shares. The stock had previously closed at C$4.77.

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

Computer Modelling Group Trading Up 1.5%

The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market cap of C$316.59 million, a P/E ratio of 19.75, a P/E/G ratio of 1.97 and a beta of -0.64. The business has a 50-day moving average price of C$5.02 and a two-hundred day moving average price of C$5.67.

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

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is 60.00%.

About Computer Modelling Group

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.