Computer Modelling Group (OTCMKTS:CMDXF) Trading Up 3.8% – Here’s Why

Computer Modelling Group Ltd. (OTCMKTS:CMDXF)’s stock price was up 3.8% during trading on Friday . The stock traded as high as $3.6020 and last traded at $3.6020. Approximately 73,618 shares changed hands during trading, an increase of 130% from the average daily volume of 32,018 shares. The stock had previously closed at $3.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Computer Modelling Group in a research report on Thursday, August 7th. CIBC restated a “neutral” rating on shares of Computer Modelling Group in a report on Wednesday, October 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Computer Modelling Group Trading Up 3.8%

The stock’s 50-day moving average is $4.10 and its two-hundred day moving average is $4.80.

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.