Computer Modelling Group (TSE:CMG) Shares Pass Below 200 Day Moving Average – Here’s Why

Computer Modelling Group Ltd. (TSE:CMG) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.00 and traded as low as C$5.00. Computer Modelling Group shares last traded at C$5.01, with a volume of 162,616 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Ventum Cap Mkts upgraded shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th. CIBC reduced their price target on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research report on Monday, December 15th. BMO Capital Markets decreased their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. Finally, National Bankshares set a C$6.00 target price on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.90.

Computer Modelling Group Stock Down 0.4%

The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The firm’s 50 day moving average price is C$5.13 and its two-hundred day moving average price is C$5.98. The firm has a market cap of C$407.03 million, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.97 and a beta of -0.44.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. Computer Modelling Group’s payout ratio is presently 64.00%.

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