Computer Modelling Group (TSE:CMG) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Computer Modelling Group Ltd. (TSE:CMG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.02 and traded as low as C$10.15. Computer Modelling Group shares last traded at C$10.23, with a volume of 199,918 shares.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. BMO Capital Markets decreased their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, CIBC cut their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.39.

Computer Modelling Group Stock Down 0.1 %

The stock has a market cap of C$837.33 million, a PE ratio of 36.54, a P/E/G ratio of 1.97 and a beta of 1.21. The business has a 50 day moving average price of C$10.79 and a 200 day moving average price of C$12.02. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.96%. Computer Modelling Group’s payout ratio is 71.43%.

Insider Activity

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$11.35, for a total transaction of C$283,850.00. Also, Senior Officer Pramod Jain bought 14,091 shares of Computer Modelling Group stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of C$10.68 per share, with a total value of C$150,545.43. Insiders sold a total of 310,210 shares of company stock valued at $3,376,616 in the last three months. 1.03% of the stock is currently owned by corporate insiders.

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.