Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern Purchases 3,000 Shares

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

Computer Modelling Group Trading Up 3.9 %

Shares of CMG traded up C$0.30 during trading hours on Wednesday, hitting C$7.96. The company had a trading volume of 80,074 shares, compared to its average volume of 222,199. The firm has a market cap of C$642.25 million, a P/E ratio of 26.25, a P/E/G ratio of 1.97 and a beta of 1.21. The stock’s 50 day moving average price is C$9.23 and its 200 day moving average price is C$10.60. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 52-week low of C$7.04 and a 52-week high of C$14.73.

Computer Modelling Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James dropped their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Ventum Financial lowered 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 research report on Wednesday, February 12th. BMO Capital Markets lowered their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. CIBC lowered 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 research report on Wednesday, February 12th. Finally, Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and an average target price 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.