Long X. Nghiem Sells 30,500 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 30,500 shares of the company’s stock in a transaction 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 Trading Up 0.9 %

Shares of TSE:CMG traded up C$0.10 during trading on Thursday, reaching C$10.89. The company’s stock had a trading volume of 180,936 shares, compared to its average volume of 139,939. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. Computer Modelling Group Ltd. has a 12 month low of C$8.43 and a 12 month high of C$14.73. The firm’s 50 day simple moving average is C$11.27 and its two-hundred day simple moving average is C$12.29. The stock has a market capitalization of C$891.35 million, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 5th. Computer Modelling Group’s payout ratio is 71.43%.

Wall Street Analyst Weigh In

CMG has been the subject of several recent analyst reports. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. CIBC dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average target price of C$13.50.

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.