Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 57,300 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 57,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$10.34, for a total transaction of C$592,596.60.

Computer Modelling Group Stock Performance

TSE:CMG opened at C$10.40 on Wednesday. The stock has a market capitalization of C$851.24 million, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. Computer Modelling Group Ltd. has a 1 year low of C$8.43 and a 1 year high of C$14.73. The firm has a 50 day moving average of C$11.47 and a 200-day moving average of C$12.32.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analyst Upgrades and Downgrades

CMG has been the subject of several research analyst reports. CIBC cut their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Ventum Financial increased their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Acumen Capital upped their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.