Long X. Nghiem Sells 15,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 15,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$10.20, for a total value of C$153,000.00.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$10.06 on Thursday. 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 fifty day simple moving average of C$11.56 and a 200-day simple moving average of C$12.33. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The stock has a market capitalization of C$823.41 million, a price-to-earnings ratio of 35.93, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CMG shares. CIBC dropped their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Ventum Financial upped their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. 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 note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Acumen Capital increased their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group has a consensus rating of “Moderate Buy” and an average 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.