Computer Modelling Group (TSE:CMG) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Computer Modelling Group Ltd. (TSE:CMG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.33 and traded as high as C$12.46. Computer Modelling Group shares last traded at C$12.09, with a volume of 68,755 shares changing hands.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Ventum Financial raised their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. BMO Capital Markets upped their price objective on Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. Canaccord Genuity Group raised their target price on Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. Finally, CIBC boosted their price target on shares of Computer Modelling Group from C$13.50 to C$15.00 in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.89.

Computer Modelling Group Trading Down 2.7 %

The firm has a market capitalization of C$989.57 million, a P/E ratio of 43.18, a PEG ratio of 1.97 and a beta of 1.21. The business’s 50 day moving average is C$11.87 and its two-hundred day moving average is C$12.33. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.65%. Computer Modelling Group’s payout ratio is 71.43%.

Insiders Place Their Bets

In other news, 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 value of C$66,560.00. In related news, Senior Officer Long X. Nghiem sold 5,200 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total transaction of C$63,000.00. 1.03% of the stock is currently owned by insiders.

About Computer Modelling Group

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.