Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 20,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 20,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00.

Computer Modelling Group Stock Performance

CMG opened at C$10.43 on Tuesday. Computer Modelling Group Ltd. has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company has a market capitalization of C$853.70 million, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business has a 50 day moving average price of C$10.89 and a two-hundred day moving average price of C$12.09. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.92%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

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

Computer Modelling Group Company Profile

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.