Computer Modelling Group Ltd. (TSE:CMG) to Issue Quarterly Dividend of $0.05

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.05 per share on Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 6th.

Computer Modelling Group Price Performance

CMG stock opened at C$8.05 on Tuesday. Computer Modelling Group has a 52 week low of C$7.82 and a 52 week high of C$14.73. The firm has a market capitalization of C$649.51 million, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a fifty day simple moving average of C$9.87 and a two-hundred day simple moving average of C$11.01. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

Insider Buying and Selling at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total transaction of C$51,750.00. Also, Senior Officer Pramod Jain purchased 14,091 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of C$10.68 per share, with a total value of C$150,545.43. Insiders have sold 110,480 shares of company stock valued at $1,160,390 in the last quarter. 1.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CMG shares. Ventum Financial lowered their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Raymond James cut their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. CIBC lowered their price target 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. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.13.

About Computer Modelling Group

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.