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

Shares of Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$5.07 and last traded at C$5.17, with a volume of 267744 shares changing hands. The stock had previously closed at C$5.24.

Analyst Ratings Changes

Separately, CIBC reduced their target price on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$11.70.

Computer Modelling Group Stock Performance

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 firm has a 50 day moving average of C$6.02 and a 200 day moving average of C$6.86. The firm has a market cap of C$432.76 million, a PE ratio of 20.15, a P/E/G ratio of 1.97 and a beta of -0.21.

Computer Modelling Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were paid a $0.01 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.04 annualized dividend and a yield of 0.8%. Computer Modelling Group’s dividend payout ratio is presently 76.92%.

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.