Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 40,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$13.10, for a total transaction of C$524,000.00.

Computer Modelling Group Stock Performance

Computer Modelling Group stock opened at C$12.93 on Tuesday. The firm’s fifty day moving average price is C$10.82 and its 200-day moving average price is C$10.23. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. The stock has a market cap of C$1.05 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Computer Modelling Group Ltd. has a fifty-two week low of C$6.21 and a fifty-two week high of C$13.50.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Ratings Changes

Several research firms recently commented on CMG. Echelon Wealth Partners raised their price objective on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barclays raised their price objective on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. Cibc World Mkts raised shares of Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Canaccord Genuity Group raised their price objective on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$11.94.

Read Our Latest Report on CMG

Computer Modelling Group Company Profile

(Get Free Report)

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.

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