Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain Acquires 14,425 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain bought 14,425 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of C$7.42 per share, for a total transaction of C$107,011.11.

Computer Modelling Group Stock Performance

Shares of TSE:CMG opened at C$7.64 on Friday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a 50-day moving average price of C$9.34 and a 200-day moving average price of C$10.66. The company has a market cap of C$616.43 million, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 12 month low of C$7.04 and a 12 month high of C$14.73.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMG shares. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Raymond James reduced their price target on shares of 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 objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Ventum Financial decreased their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group 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.