Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$153,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 15,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total transaction of C$153,000.00.

Computer Modelling Group Trading Down 0.6 %

CMG stock traded down C$0.06 during mid-day trading on Tuesday, reaching C$10.07. 186,059 shares of the stock traded hands, compared to its average volume of 129,837. The stock has a market capitalization of C$824.23 million, a PE ratio of 35.96, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a one year low of C$8.43 and a one year high of C$14.73. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The business has a 50-day moving average price of C$11.61 and a two-hundred day moving average price of C$12.33.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. CIBC dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Ventum Financial raised their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Finally, National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

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.