Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 5,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 5,000 shares of Computer Modelling Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.55, for a total transaction of C$42,757.00. Following the sale, the insider now owns 730,302 shares in the company, valued at C$6,245,104.52.

TSE CMG opened at C$8.34 on Thursday. The company has a debt-to-equity ratio of 102.33, a quick ratio of 1.95 and a current ratio of 2.00. The firm has a market cap of $683.72 million and a PE ratio of 28.18. Computer Modelling Group Ltd. has a one year low of C$5.25 and a one year high of C$8.79. The firm’s fifty day moving average is C$7.85 and its two-hundred day moving average is C$7.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. Computer Modelling Group’s dividend payout ratio is presently 135.14%.

Several equities research analysts recently commented on CMG shares. BMO Capital Markets lifted their price target on shares of Computer Modelling Group from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Industrial Alliance Securities lifted their price objective on shares of Computer Modelling Group from C$7.75 to C$8.75 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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Insider Buying and Selling by Quarter for Computer Modelling Group (TSE:CMG)

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