Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$214,600.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total transaction of C$214,600.00.

Computer Modelling Group Stock Performance

CMG traded down C$0.21 during midday trading on Monday, hitting C$10.43. 221,118 shares of the company traded hands, compared to its average volume of 131,740. The company’s 50-day moving average is C$10.92 and its 200 day moving average is C$12.11. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The firm has a market capitalization of C$853.70 million, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.92%. Computer Modelling Group’s dividend payout ratio (DPR) is 71.43%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. CIBC lowered their price objective on shares of 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 report on Wednesday, September 11th. BMO Capital Markets decreased their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price objective for the company 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average target price of C$13.39.

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.