Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 10,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of Computer Modelling Group stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$10.41, for a total transaction of C$104,100.00.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$10.26 on Friday. The firm has a market capitalization of C$839.78 million, a P/E ratio of 36.64, a PEG ratio of 1.97 and a beta of 1.21. 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 Ltd. has a one year low of C$8.43 and a one year high of C$14.73. The business has a fifty day moving average of C$11.36 and a 200 day moving average of C$12.29.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMG shares. CIBC reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Acumen Capital lifted their target price on Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

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.