Computer Modelling Group (TSE:CMG) Shares Pass Above Two Hundred Day Moving Average of $11.83

Shares of Computer Modelling Group Ltd. (TSE:CMG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.83 and traded as high as C$12.06. Computer Modelling Group shares last traded at C$11.67, with a volume of 86,599 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. Cibc World Mkts upgraded Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. National Bankshares upped their price target on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. CIBC upped their price target on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday, August 8th. Raymond James set a C$15.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Monday, June 17th. Finally, BMO Capital Markets upped their price target on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average price target of C$13.89.

Computer Modelling Group Trading Down 2.8 %

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 business’s 50-day simple moving average is C$13.35 and its two-hundred day simple moving average is C$11.83. The company has a market capitalization of C$955.19 million, a PE ratio of 41.68, a PEG ratio of 1.97 and a beta of 1.23.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The firm had revenue of C$30.52 million during the quarter, compared to analysts’ expectations of C$31.14 million. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. On average, analysts predict that Computer Modelling Group Ltd. will post 0.3044933 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, September 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.71%. Computer Modelling Group’s payout ratio is currently 71.43%.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$12.70, for a total value of C$63,500.00. In other news, Senior Officer Anjani Kumar sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total value of C$127,300.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$12.70, for a total transaction of C$63,500.00. Insiders sold a total of 36,200 shares of company stock valued at $463,130 in the last ninety days. Insiders own 1.04% of the company’s stock.

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.