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 the company’s stock in a transaction dated 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 Stock Performance

Shares of CMG stock opened at C$10.49 on Thursday. Computer Modelling Group Ltd. has a 12-month low of C$8.43 and a 12-month high of C$14.73. The business’s fifty day simple moving average is C$10.86 and its 200-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. The company has a market cap of C$858.61 million, a PE ratio of 37.46, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The firm also recently announced 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. This represents a $0.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. CIBC reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. BMO Capital Markets dropped their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research note 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.