Long X. Nghiem Sells 30,500 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 30,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$11.08, for a total value of C$337,940.00.

Computer Modelling Group Price Performance

Shares of TSE CMG opened at C$10.86 on Friday. The company has a 50 day simple moving average of C$11.25 and a two-hundred day simple moving average of C$12.29. 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 company has a market capitalization of C$888.89 million, a price-to-earnings ratio of 38.79, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CMG shares. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets reduced their target price on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.39.

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.