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

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Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$8.44, for a total value of C$84,400.00. Following the completion of the transaction, the insider now owns 760,302 shares in the company, valued at C$6,416,948.88.

TSE:CMG traded down C$0.10 on Tuesday, hitting C$8.30. 103,942 shares of the stock were exchanged, compared to its average volume of 128,352. The company has a debt-to-equity ratio of 102.33, a quick ratio of 1.95 and a current ratio of 2.00. Computer Modelling Group Ltd. has a 52 week low of C$5.25 and a 52 week high of C$8.79. The stock has a market capitalization of $662.86 million and a price-to-earnings ratio of 28.04. The company’s 50-day moving average price is C$7.51 and its 200 day moving average price is C$6.91.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 13th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Wednesday, December 4th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 135.14%.

CMG has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Computer Modelling Group from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Industrial Alliance Securities upped their price target on Computer Modelling Group from C$7.75 to C$8.75 and gave the company a “buy” rating in a research note on Thursday, November 14th.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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Insider Buying and Selling by Quarter for Computer Modelling Group (TSE:CMG)

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