Anjani Kumar Sells 10,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Anjani Kumar sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total transaction of C$127,300.00.

Computer Modelling Group Stock Up 2.0 %

Shares of TSE CMG traded up C$0.28 during trading hours on Thursday, hitting C$14.03. The stock had a trading volume of 62,687 shares, compared to its average volume of 116,560. The firm’s 50-day moving average price is C$12.09 and its two-hundred day moving average price is C$10.69. Computer Modelling Group Ltd. has a 52 week low of C$6.55 and a 52 week high of C$14.11. The company has a market capitalization of C$1.14 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. Analysts anticipate that Computer Modelling Group Ltd. will post 0.3502392 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.43%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CMG shares. Echelon Wealth Partners lifted their price target 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. Canaccord Genuity Group raised their price objective on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Cibc World Mkts upgraded Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. National Bankshares raised their price target on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, Acumen Capital upped their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.44.

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.