Computer Modelling Group (OTCMKTS:CMDXF) Shares Down 1.1% – Here’s What Happened

Shares of Computer Modelling Group Ltd. (OTCMKTS:CMDXF) were down 1.1% during trading on Thursday . The stock traded as low as $3.75 and last traded at $3.75. Approximately 32,236 shares traded hands during trading, an increase of 1% from the average daily volume of 31,949 shares. The stock had previously closed at $3.7913.

Analysts Set New Price Targets

Several analysts have recently commented on CMDXF shares. BMO Capital Markets restated a “market perform” rating on shares of Computer Modelling Group in a research report on Thursday, August 7th. CIBC restated a “neutral” rating on shares of Computer Modelling Group in a research report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Computer Modelling Group currently has a consensus rating of “Hold”.

Computer Modelling Group Stock Down 1.1%

The business’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $5.01.

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.