Computer Modelling Group (TSE:CMG) Sets New 1-Year Low Following Analyst Downgrade

Shares of Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week low during mid-day trading 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 traded. The stock had previously closed at C$3.89.

CMG has been the subject of a number of other research reports. Ventum Cap Mkts upgraded Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. National Bank Financial set a C$6.00 price target on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. BMO Capital Markets cut their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. Canadian Imperial Bank of Commerce reduced their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Finally, Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. 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 Stock Performance

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 stock has a market cap of C$324.60 million, a PE ratio of 20.25, a P/E/G ratio of 1.97 and a beta of -0.64. The business’s 50-day moving average price is C$5.00 and its 200-day moving average price is C$5.64.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Tuesday, February 10th. The company reported C$0.07 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%. As a group, equities research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

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

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.