Long X. Nghiem Sells 20,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$10.73, for a total transaction of C$214,600.00.

Computer Modelling Group Trading Down 2.0 %

Computer Modelling Group stock traded down C$0.21 during trading hours on Monday, reaching C$10.43. The company had a trading volume of 221,118 shares, compared to its average volume of 131,740. The firm has a market cap of C$853.70 million, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 12-month low of C$8.43 and a 12-month high of C$14.73. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The company has a 50-day moving average price of C$10.92 and a 200 day moving average price of C$12.11.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, CIBC dropped their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 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’s stock. According to data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average price target of C$13.39.

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.