Computer Modelling Group (TSE:CMG) Hits New 12-Month Low After Analyst Downgrade

Computer Modelling Group Ltd. (TSE:CMG) shares reached a new 52-week low on Wednesday after BMO Capital Markets lowered their price target on the stock from C$7.00 to C$6.00. The stock traded as low as C$4.80 and last traded at C$5.09, with a volume of 752123 shares. The stock had previously closed at C$5.10.

Separately, CIBC cut their price target on shares of 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$10.30.

Computer Modelling Group Stock Down 0.2%

The company has a market capitalization of C$420.37 million, a P/E ratio of 19.58, a PEG ratio of 1.97 and a beta of -0.21. 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 50 day moving average price of C$5.93 and a 200 day moving average price of C$6.78.

Computer Modelling Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 76.92%.

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.