Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$337,940.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 30,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$11.08, for a total transaction of C$337,940.00.

Computer Modelling Group Stock Down 0.3 %

CMG stock opened at C$10.86 on Friday. The firm has a market capitalization of C$888.89 million, a PE ratio of 38.79, a P/E/G ratio of 1.97 and a beta of 1.21. 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 twelve month low of C$8.43 and a twelve month high of C$14.73. The stock’s 50 day moving average is C$11.25 and its 200-day moving average is C$12.29.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMG shares. BMO Capital Markets dropped their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday. CIBC dropped their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.39.

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.