Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain Acquires 14,425 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain purchased 14,425 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of C$7.42 per share, for a total transaction of C$107,011.11.

Computer Modelling Group Trading Up 1.6 %

TSE:CMG traded up C$0.12 during trading hours on Friday, reaching C$7.53. 63,528 shares of the stock were exchanged, compared to its average volume of 226,095. Computer Modelling Group Ltd. has a twelve month low of C$7.04 and a twelve month high of C$14.73. The business has a 50-day moving average of C$9.40 and a two-hundred day moving average of C$10.70. The company has a market capitalization of C$607.55 million, a price-to-earnings ratio of 24.83, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMG shares. Raymond James reduced 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 report on Wednesday, February 12th. CIBC reduced their target price on shares of 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 dropped their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets reduced their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.