Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 30,500 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 30,500 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$11.08, for a total transaction of C$337,940.00.

Computer Modelling Group Stock Up 0.9 %

TSE CMG traded up C$0.10 during mid-day trading on Thursday, reaching C$10.89. The stock had a trading volume of 180,936 shares, compared to its average volume of 139,939. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a 1 year low of C$8.43 and a 1 year high of C$14.73. The stock has a market cap of C$891.35 million, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a fifty day moving average price of C$11.27 and a 200 day moving average price of C$12.29.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Canaccord Genuity Group lowered 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 report on Wednesday, November 13th. Finally, CIBC decreased 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.50.

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.