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

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

Computer Modelling Group Stock Down 0.7 %

Shares of Computer Modelling Group stock opened at C$10.28 on Friday. The stock has a 50-day simple moving average of C$11.42 and a 200-day simple moving average of C$12.31. Computer Modelling Group Ltd. has a 52-week low of C$8.43 and a 52-week high of C$14.73. The firm has a market cap of C$841.42 million, a price-to-earnings ratio of 36.71, 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 current ratio of 1.81 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. CIBC decreased their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research 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. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus price target 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.