Computer Modelling Group Ltd. (TSE:CMG) Director Acquires C$23,047.17 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 3,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of C$7.68 per share, with a total value of C$23,047.17.

Alexander Davern also recently made the following trade(s):

• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.92 per share, with a total value of C$23,758.02.

Computer Modelling Group Stock Down 0.5 %

CMG opened at C$7.90 on Friday. The business has a 50 day moving average price of C$9.09 and a two-hundred day moving average price of C$10.50. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market cap of C$637.41 million, a PE ratio of 26.05, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 52 week low of C$7.04 and a 52 week high of C$14.73.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Ventum Financial decreased their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Raymond James decreased their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average target price of C$13.13.

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.