Computer Modelling Group (TSE:CMG) Insider Vipin Khullar Buys 3,623 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Vipin Khullar bought 3,623 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of C$3.47 per share, for a total transaction of C$12,571.81. Following the completion of the acquisition, the insider owned 9,326 shares in the company, valued at approximately C$32,361.22. This trade represents a 63.53% increase in their ownership of the stock.

Computer Modelling Group Price Performance

Shares of CMG stock remained flat at C$3.70 on Tuesday. The company had a trading volume of 103,391 shares, compared to its average volume of 196,550. The stock’s 50 day moving average is C$3.80 and its 200 day moving average is C$4.24. The company has a market capitalization of C$288.58 million, a PE ratio of 17.62, a P/E/G ratio of 1.97 and a beta of -0.80. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. Computer Modelling Group Ltd. has a twelve month low of C$3.40 and a twelve month high of C$8.23.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. The company had revenue of C$33.67 million for the quarter. Sell-side analysts predict that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s payout ratio is currently 38.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. National Bank Financial lowered their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Ventum Financial raised their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Raymond James Financial lowered their target price on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Computer Modelling Group has a consensus rating of “Moderate Buy” and a consensus price target of C$5.75.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.