Computer Modelling Group (TSE:CMG) Insider Purchases C$11,478.76 in Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Kristina Mysev acquired 3,308 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of C$3.47 per share, with a total value of C$11,478.76. Following the acquisition, the insider directly owned 24,032 shares in the company, valued at approximately C$83,391.04. The trade was a 15.96% increase in their ownership of the stock.

Computer Modelling Group Trading Up 2.9%

Shares of Computer Modelling Group stock opened at C$3.89 on Friday. Computer Modelling Group Ltd. has a twelve month low of C$3.40 and a twelve month high of C$8.23. The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The business has a 50-day moving average price of C$3.80 and a 200-day moving average price of C$4.22. The firm has a market cap of C$303.40 million, a price-to-earnings ratio of 18.52, a PEG ratio of 1.97 and a beta of -0.80.

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

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. Computer Modelling Group’s payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMG shares. Ventum Financial increased their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research report on Thursday, March 26th. Raymond James Financial reduced their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Finally, National Bank Financial decreased their price target on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average price target of C$5.75.

Computer Modelling Group Company Profile

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.