Long X. Nghiem Sells 5,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 5,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$12.70, for a total transaction of C$63,500.00.

Computer Modelling Group Stock Down 1.9 %

Shares of TSE CMG opened at C$12.62 on Thursday. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. Computer Modelling Group Ltd. has a 52 week low of C$6.21 and a 52 week high of C$13.75. The firm has a 50-day moving average price of C$11.81 and a 200 day moving average price of C$10.56. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 43.52, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. Equities research analysts anticipate that Computer Modelling Group Ltd. will post 0.3502392 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is 68.97%.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. CIBC set a C$13.50 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Friday, May 24th. Canaccord Genuity Group raised their price objective on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Echelon Wealth Partners raised their price objective on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Raymond James set a C$15.00 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.28.

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.