Pramod Jain Buys 12,054 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Pramod Jain purchased 12,054 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$3.47 per share, with a total value of C$41,827.38. Following the purchase, the director owned 192,897 shares of the company’s stock, valued at approximately C$669,352.59. The trade was a 6.67% increase in their position.

Computer Modelling Group Trading Up 2.2%

CMG opened at C$3.78 on Thursday. The stock has a market capitalization of C$294.82 million, a PE ratio of 18.00, a P/E/G ratio of 1.97 and a beta of -0.80. The firm’s fifty day moving average price is C$3.80 and its 200 day moving average price is C$4.23. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a 12-month low of C$3.40 and a 12-month high of C$8.23.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share for the quarter. The company had revenue of C$33.67 million during the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. As a group, research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. National Bank Financial lowered their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Raymond James Financial decreased their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Finally, Ventum Financial boosted their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$5.75.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.