Computer Modelling Group (TSE:CMG) Sets New 12-Month High Following Analyst Upgrade

Shares of Computer Modelling Group Ltd. (TSE:CMGGet Rating) reached a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$5.00 to C$5.25. The company traded as high as C$5.72 and last traded at C$5.55, with a volume of 23167 shares changing hands. The stock had previously closed at C$5.51.

Separately, Barclays downgraded Computer Modelling Group to a “sell” rating and set a C$5.00 price target for the company. in a research report on Thursday, October 6th.

Computer Modelling Group Stock Performance

The stock has a 50 day simple moving average of C$5.03 and a 200 day simple moving average of C$4.83. The company has a market cap of C$437.83 million and a price-to-earnings ratio of 23.70. The company has a quick ratio of 2.19, a current ratio of 2.25 and a debt-to-equity ratio of 84.08.

Computer Modelling Group (TSE:CMGGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$16.11 million for the quarter. As a group, analysts predict that Computer Modelling Group Ltd. will post 0.26 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, December 7th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Tuesday, December 6th. Computer Modelling Group’s dividend payout ratio (DPR) is 86.96%.

About Computer Modelling Group

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Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil and gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to make informed decisions on large integrated oil and gas projects in Canada.

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