Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells C$36,720.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00.

Computer Modelling Group Stock Up 2.4 %

Shares of Computer Modelling Group stock traded up C$0.25 during midday trading on Friday, reaching C$10.47. 206,774 shares of the company’s stock traded hands, compared to its average volume of 130,856. The company has a market cap of C$856.97 million, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The company’s 50 day simple moving average is C$11.52 and its 200 day simple moving average is C$12.32.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors 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 1.91%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMG. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Acumen Capital lifted their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Ventum Financial lifted their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, CIBC decreased their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Computer Modelling Group Company Profile

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.