Long X. Nghiem Sells 5,200 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$12.80, for a total transaction of C$66,560.00.

Computer Modelling Group Trading Up 0.7 %

Computer Modelling Group stock opened at C$12.74 on Friday. The business has a 50 day moving average price of C$13.40 and a two-hundred day moving average price of C$11.75. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. Computer Modelling Group Ltd. has a 12 month low of C$7.98 and a 12 month high of C$14.73. The stock has a market cap of C$1.04 billion, a price-to-earnings 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 issued its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS 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 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, equities analysts forecast that Computer Modelling Group Ltd. will post 0.3044933 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is 71.43%.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Computer Modelling Group from C$13.00 to C$14.00 in a report on Tuesday, July 16th. Canaccord Genuity Group lifted their price objective on Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. Echelon Wealth Partners increased their target price on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Ventum Financial lifted their price target on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Cibc World Mkts upgraded Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. One investment 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 stock. Based on data from MarketBeat.com, 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.