Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$592,596.60 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 57,300 shares of Computer Modelling Group stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$10.34, for a total value of C$592,596.60.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$10.28 on Friday. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The firm’s 50 day moving average is C$11.42 and its 200-day moving average is C$12.31. Computer Modelling Group Ltd. has a 12-month low of C$8.43 and a 12-month high of C$14.73. The stock has a market capitalization of C$841.42 million, a P/E ratio of 36.71, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on CMG. Acumen Capital lifted their target price on 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 company an “outperform” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, CIBC dropped their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.