Computer Modelling Group (TSE:CMG) Trading Down 5% – Time to Sell?

Computer Modelling Group Ltd. (TSE:CMG) traded down 5% during mid-day trading on Friday . The stock traded as low as C$3.92 and last traded at C$3.96. 160,353 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 213,293 shares. The stock had previously closed at C$4.17.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James Financial cut their target price on Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. National Bank Financial cut their target price on Computer Modelling Group from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Finally, Ventum Financial upped their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$6.05.

Computer Modelling Group Stock Performance

The company has a current ratio of 1.30, a quick ratio of 2.25 and a debt-to-equity ratio of 45.07. The firm has a 50-day moving average of C$4.04 and a 200-day moving average of C$4.67. The stock has a market capitalization of C$314.81 million, a price-to-earnings ratio of 19.75, a P/E/G ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. The company had revenue of C$32.69 million for the quarter. Computer Modelling Group had a return on equity of 19.68% and a net margin of 13.54%. As a group, sell-side analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 60.00%.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.