Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Senior Officer Long X. Nghiem sold 25,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total transaction of C$283,850.00.
Computer Modelling Group Price Performance
CMG opened at C$11.23 on Friday. The firm has a market capitalization of C$919.18 million, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. 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 business's 50-day moving average is C$11.32 and its two-hundred day moving average is C$12.29. Computer Modelling Group Ltd. has a 1 year low of C$8.43 and a 1 year high of C$14.73.
Computer Modelling Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. Computer Modelling Group's dividend payout ratio (DPR) is presently 71.43%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CMG. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the company an "outperform" rating in a research report on Wednesday, September 11th. CIBC decreased their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Acumen Capital increased their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group downgraded shares of Computer Modelling Group from a "buy" rating to a "hold" rating and cut their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$13.50.
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About Computer Modelling Group
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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.
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