Robert David Hicks Buys 5,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Robert David Hicks purchased 5,000 shares of Computer Modelling Group stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of C$4.95 per share, for a total transaction of C$24,750.00. Following the acquisition, the insider now directly owns 251,000 shares of the company’s stock, valued at C$1,242,450.

CMG opened at C$4.47 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.18 and a debt-to-equity ratio of 108.76. The firm has a market cap of $382.79 million and a P/E ratio of 16.20. Computer Modelling Group Ltd. has a 52 week low of C$4.30 and a 52 week high of C$8.79. The business’s fifty day simple moving average is C$6.69 and its 200 day simple moving average is C$7.26.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The company had revenue of C$19.28 million during the quarter, compared to analysts’ expectations of C$18.00 million. As a group, equities analysts expect that Computer Modelling Group Ltd. will post 0.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 8.95%. Computer Modelling Group’s dividend payout ratio (DPR) is 144.93%.

A number of research analysts have recently weighed in on the stock. Scotiabank dropped their price objective on shares of Computer Modelling Group from C$8.00 to C$6.00 in a research note on Monday. Royal Bank of Canada reduced their target price on Computer Modelling Group from C$8.50 to C$5.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 19th. Finally, Canaccord Genuity lowered Computer Modelling Group from a “buy” rating to a “hold” rating and upped their target price for the company from C$8.25 to C$8.50 in a research note on Wednesday, February 12th.

About Computer Modelling Group

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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