Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 30,500 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 30,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$11.08, for a total transaction of C$337,940.00.

Computer Modelling Group Trading Down 0.3 %

Shares of Computer Modelling Group stock opened at C$10.86 on Friday. Computer Modelling Group Ltd. has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company’s fifty day simple moving average is C$11.25 and its 200-day simple moving average is C$12.29. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market capitalization of C$888.89 million, a PE ratio of 38.79, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.84%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMG shares. BMO Capital Markets lowered their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.