Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 3,600 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 3,600 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00.

Computer Modelling Group Stock Up 2.4 %

Shares of TSE:CMG opened at C$10.47 on Monday. Computer Modelling Group Ltd. has a 12 month low of C$8.43 and a 12 month high of C$14.73. The company’s 50-day moving average price is C$11.49 and its two-hundred day moving average price is C$12.32. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The firm has a market cap of C$856.97 million, a P/E ratio of 37.39, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMG shares. Acumen Capital boosted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Ventum Financial upped their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. CIBC lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered shares of 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. One research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

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.