Computer Modelling Group Ltd. (CMG) To Go Ex-Dividend on March 6th

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.05 per share on Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 6th.

Computer Modelling Group Trading Down 0.7 %

TSE CMG opened at C$8.05 on Tuesday. The firm has a market capitalization of C$649.51 million, a price-to-earnings ratio of 26.55, a PEG ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group has a one year low of C$7.82 and a one year high of C$14.73. The company’s 50 day moving average price is C$9.87 and its 200 day moving average price is C$11.01.

Insiders Place Their Bets

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 30,500 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$11.08, for a total transaction of C$337,940.00. Also, Senior Officer Pramod Jain bought 14,091 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$10.68 per share, for a total transaction of C$150,545.43. Insiders have sold 110,480 shares of company stock worth $1,160,390 in the last three months. 1.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Ventum Financial reduced 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. Finally, BMO Capital Markets lowered their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and an average price target of C$13.13.

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.