Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$63,500.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$12.70, for a total value of C$63,500.00.

Computer Modelling Group Stock Up 3.5 %

Shares of CMG stock opened at C$13.06 on Friday. Computer Modelling Group Ltd. has a 1 year low of C$6.36 and a 1 year high of C$13.75. The stock has a market cap of C$1.06 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The business’s fifty day moving average is C$11.86 and its 200-day moving average is C$10.58. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.02. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. The company had revenue of C$32.29 million for the quarter, compared to analysts’ expectations of C$31.30 million. Equities analysts expect that Computer Modelling Group Ltd. will post 0.3502392 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Echelon Wealth Partners upped their price objective on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Raymond James set a C$15.00 price target on Computer Modelling Group and gave the stock an “outperform” rating in a research report on Monday, June 17th. Cibc World Mkts upgraded Computer Modelling Group to a “strong-buy” rating in a research report on Friday, May 24th. Acumen Capital lifted their target price on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Canaccord Genuity Group lifted their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.28.

About Computer Modelling Group

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.