Long X. Nghiem Sells 10,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) Senior Officer Long X. Nghiem sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$13.50, for a total value of C$135,000.00.

Computer Modelling Group Trading Down 0.2 %

CMG traded down C$0.02 during midday trading on Friday, hitting C$12.81. 65,699 shares of the company were exchanged, compared to its average volume of 120,342. The firm has a market capitalization of C$1.04 billion, a P/E ratio of 44.24, a P/E/G ratio of 1.97 and a beta of 1.14. Computer Modelling Group Ltd. has a 1-year low of C$6.21 and a 1-year high of C$13.75. The firm’s 50 day moving average price is C$11.05 and its 200-day moving average price is C$10.31. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 6th. Computer Modelling Group’s payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CMG shares. Barclays raised their price objective on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. National Bankshares raised their price objective on Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Acumen Capital raised their price objective on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Friday, May 24th. Canaccord Genuity Group raised their price objective on Computer Modelling Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Echelon Wealth Partners raised their price objective on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$11.94.

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Computer Modelling Group Company Profile

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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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