Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 10,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$10.41, for a total value of C$104,100.00.

Computer Modelling Group Stock Down 0.2 %

Shares of CMG stock traded down C$0.02 on Friday, hitting C$10.26. The stock had a trading volume of 50,672 shares, compared to its average volume of 133,816. The stock has a market cap of C$839.78 million, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business has a 50 day moving average of C$11.39 and a 200 day moving average of C$12.30. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a 12-month low of C$8.43 and a 12-month high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s payout ratio is 71.43%.

Analyst Ratings Changes

CMG has been the topic of a number of analyst reports. 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. Acumen Capital upped their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. 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. Finally, CIBC dropped their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One investment 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 stock. Based on data from MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.