Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 3,600 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00.

Computer Modelling Group Stock Up 2.4 %

CMG opened at C$10.47 on Friday. The stock has a market capitalization of C$856.97 million, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. Computer Modelling Group Ltd. has a one year low of C$8.43 and a one year high of C$14.73. The business’s 50-day simple moving average is C$11.52 and its 200-day simple moving average is C$12.32.

Computer Modelling Group Dividend Announcement

The company 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 1.91%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CMG shares. Acumen Capital lifted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Ventum Financial lifted their price objective 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. CIBC dropped their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.50.

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.