Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt Buys 2,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$7.24 per share, for a total transaction of C$14,486.40.

Computer Modelling Group Stock Up 1.4 %

Shares of TSE CMG opened at C$7.34 on Wednesday. Computer Modelling Group Ltd. has a one year low of C$7.17 and a one year high of C$14.73. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The firm’s 50 day simple moving average is C$9.60 and its two-hundred day simple moving average is C$10.82. The stock has a market capitalization of C$592.22 million, a P/E ratio of 24.20, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, March 6th. Computer Modelling Group’s payout ratio is currently 65.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. CIBC lowered their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Raymond James lowered their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, Ventum Financial lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.13.

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.