Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$63,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total value of C$63,000.00.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$12.74 on Friday. Computer Modelling Group Ltd. has a 52 week low of C$7.98 and a 52 week high of C$14.73. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The company’s 50-day moving average price is C$13.40 and its two-hundred day moving average price is C$11.75. The stock has a market cap of C$1.04 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

Computer Modelling Group (TSE:CMG) last released its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The business had revenue of C$30.52 million for the quarter, compared to analyst estimates of C$31.14 million. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. As a group, sell-side analysts anticipate that Computer Modelling Group Ltd. will post 0.3044933 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMG. Ventum Financial boosted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price target on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. CIBC increased their price objective on Computer Modelling Group from C$13.50 to C$15.00 in a report on Thursday, August 8th. 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. Finally, National Bankshares increased their price target on Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.89.

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.