Computer Modelling Group Ltd. to Issue Quarterly Dividend of $0.05 (TSE:CMG)

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Thursday, December 5th,TickerTech Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.05 per share on Friday, December 13th. This represents a $0.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th.

Computer Modelling Group Stock Up 0.3 %

CMG stock traded up C$0.03 during midday trading on Tuesday, hitting C$11.17. The company’s stock had a trading volume of 34,391 shares, compared to its average volume of 137,065. The firm has a 50-day simple moving average of C$11.35 and a 200-day simple moving average of C$12.30. The firm has a market capitalization of C$914.26 million, a P/E ratio of 39.79, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. CIBC cut their price target on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Acumen Capital upped their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Canaccord Genuity Group downgraded 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. Finally, National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Insider Activity

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. In the last quarter, insiders sold 85,900 shares of company stock worth $886,417. Corporate insiders own 1.03% of the company’s stock.

Computer Modelling Group Company Profile

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.