Hermanus Jacobus Nieuwoudt Buys 2,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$7.24 per share, for a total transaction of C$14,486.40.

Computer Modelling Group Price Performance

TSE:CMG opened at C$7.41 on Friday. Computer Modelling Group Ltd. has a 52 week low of C$7.04 and a 52 week high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market capitalization of C$597.87 million, a P/E ratio of 24.43, a P/E/G ratio of 1.97 and a beta of 1.21. The stock’s fifty day moving average is C$9.47 and its two-hundred day moving average is C$10.74.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.70%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent research reports. CIBC lowered their price objective on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Ventum Financial lowered their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Raymond James lowered their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, BMO Capital Markets lowered their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.13.

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.