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 shares were sold at an average price of C$11.08, for a total value of C$337,940.00.

Computer Modelling Group Stock Up 0.9 %

Shares of TSE:CMG opened at C$10.89 on Friday. The firm has a market cap of C$891.35 million, a price-to-earnings ratio of 38.89, a PEG ratio of 1.97 and a beta of 1.21. 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 stock’s 50-day moving average price is C$11.26 and its two-hundred day moving average price is C$12.29.

Computer Modelling Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CMG shares. CIBC cut their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group has an average rating of “Moderate Buy” and an average price target 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.