Computer Modelling Group Ltd. (TSE:CMG) Director Buys C$23,047.17 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern purchased 3,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Up 3.9 %

Computer Modelling Group stock traded up C$0.30 during trading hours on Wednesday, hitting C$7.96. 80,074 shares of the stock traded hands, compared to its average volume of 222,199. The firm’s 50-day moving average price is C$9.23 and its two-hundred day moving average price is C$10.60. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a market cap of C$642.25 million, a PE ratio of 26.25, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a one year low of C$7.04 and a one year high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.05 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.51%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMG. CIBC reduced their price target on 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 reduced their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Ventum Financial reduced their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. BMO Capital Markets reduced their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Finally, Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

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.