Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$36,720.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00.

Computer Modelling Group Price Performance

TSE:CMG opened at C$10.47 on Monday. The stock has a market cap of C$856.97 million, a P/E ratio of 37.39, 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 fifty day moving average price of C$11.49 and a 200 day moving average price of C$12.32. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s payout ratio is currently 71.43%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CMG shares. Ventum Financial boosted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Acumen Capital boosted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, CIBC reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.