Long X. Nghiem Sells 10,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$10.41, for a total value of C$104,100.00.

Computer Modelling Group Stock Down 0.2 %

Shares of CMG traded down C$0.02 during mid-day trading on Friday, reaching C$10.26. The company had a trading volume of 50,672 shares, compared to its average volume of 133,816. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73. The firm has a 50-day moving average price of C$11.39 and a 200 day moving average price of C$12.30. 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 company has a market capitalization of C$839.78 million, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Ratings Changes

A number of research analysts have issued reports on CMG shares. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Acumen Capital lifted their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. CIBC decreased their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group has an average rating of “Moderate Buy” and an average 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.