Computer Modelling Group Ltd. (TSE:CMG) Announces $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.05 per share on Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 6th.

Computer Modelling Group Stock Performance

CMG opened at C$8.05 on Tuesday. The firm has a market cap of C$649.51 million, a P/E ratio of 26.55, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 1-year low of C$7.82 and a 1-year high of C$14.73. The company has a 50 day simple moving average of C$9.92 and a two-hundred day simple moving average of C$11.05. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Ventum Financial dropped their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Raymond James dropped their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.13.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 30,500 shares of the stock in a transaction 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. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$8.10, for a total transaction of C$47,668.50. Over the last quarter, insiders sold 110,480 shares of company stock worth $1,160,390. 1.03% of the stock is owned by insiders.

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.