Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem Sells 15,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 15,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.06 on Thursday. The stock has a 50-day moving average of C$11.56 and a 200-day moving average of C$12.33. Computer Modelling Group Ltd. has a one year low of C$8.43 and a one year high of C$14.73. The stock has a market cap of C$823.41 million, a PE ratio of 35.93, 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.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.99%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMG. Acumen Capital upped their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Ventum Financial lifted 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 target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus price target of C$13.50.

About Computer Modelling Group

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.