Insider Buying: Computer Modelling Group (TSE:CMG) Director Buys C$41,827.38 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Pramod Jain bought 12,054 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of C$3.47 per share, with a total value of C$41,827.38. Following the acquisition, the director owned 192,897 shares in the company, valued at approximately C$669,352.59. This represents a 6.67% increase in their position.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$3.89 on Friday. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The firm has a market cap of C$303.40 million, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.97 and a beta of -0.80. The stock’s 50-day moving average is C$3.80 and its 200-day moving average is C$4.22. Computer Modelling Group Ltd. has a one year low of C$3.40 and a one year high of C$8.23.

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

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of analyst reports. National Bank Financial decreased their target price on shares of 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. Raymond James Financial cut their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Finally, Ventum Financial raised their price objective on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

About Computer Modelling Group

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.