Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 3,600 Shares of Stock

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 stock was sold at an average price of C$10.20, for a total value of C$36,720.00.

Computer Modelling Group Price Performance

CMG opened at C$10.47 on Friday. 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 52-week low of C$8.43 and a 52-week high of C$14.73. The stock has a market capitalization of C$856.97 million, a PE ratio of 37.39, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock’s 50 day moving average price is C$11.49 and its 200-day moving average price is C$12.31.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.91%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CMG shares. Acumen Capital boosted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Ventum Financial boosted their price objective on Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. CIBC lowered their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group downgraded 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 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.