Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 57,300 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 57,300 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$10.34, for a total transaction of C$592,596.60.

Computer Modelling Group Stock Up 0.5 %

Shares of CMG stock traded up C$0.05 on Tuesday, hitting C$10.40. The company’s stock had a trading volume of 407,073 shares, compared to its average volume of 133,479. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market capitalization of C$851.24 million, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a fifty-two week low of C$8.43 and a fifty-two week high of C$14.73. The firm’s fifty day moving average price is C$11.47 and its 200-day moving average price is C$12.32.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is 71.43%.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research analyst reports. CIBC reduced their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Acumen Capital raised their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Ventum Financial upped their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

About Computer Modelling Group

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.