Computer Modelling Group Ltd. (TSE:CMG) Announces $0.01 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.01 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th.

Computer Modelling Group Trading Down 4.2%

CMG stock opened at C$3.89 on Wednesday. The firm has a fifty day moving average price of C$3.80 and a 200 day moving average price of C$3.90. Computer Modelling Group has a fifty-two week low of C$3.40 and a fifty-two week high of C$6.85. The firm has a market cap of C$303.40 million, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.97 and a beta of -0.81. The company has a debt-to-equity ratio of 54.99, a quick ratio of 2.25 and a current ratio of 1.06.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. Computer Modelling Group had a net margin of 12.41% and a return on equity of 18.44%. The company had revenue of C$27.85 million for the quarter. Sell-side analysts anticipate that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James Financial lowered their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. National Bank Financial reduced their price objective on 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.