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

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

Analysts Set New Price Targets

Separately, CIBC dropped their price objective on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating on the stock in a research note 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$11.70.

Computer Modelling Group Stock Performance

The stock has a 50 day simple moving average of C$6.02 and a 200 day simple moving average of C$6.86. 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$432.76 million, a P/E ratio of 20.15, a price-to-earnings-growth 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 issued 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 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.