Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$214,600.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 20,000 shares of Computer Modelling Group stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total transaction of C$214,600.00.

Computer Modelling Group Trading Up 1.4 %

Computer Modelling Group stock opened at C$10.49 on Thursday. The firm has a market cap of C$858.61 million, a PE ratio of 37.46, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 12 month low of C$8.43 and a 12 month high of C$14.73. The stock’s 50 day simple moving average is C$10.86 and its two-hundred day simple moving average is C$12.07. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.91%. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research analyst reports. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. CIBC decreased their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.39.

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.