Computer Modelling Group (TSE:CMG) Issues Earnings Results

Computer Modelling Group (TSE:CMG) released its quarterly earnings results on Thursday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%. The business had revenue of C$29.27 million for the quarter.

Computer Modelling Group Price Performance

Shares of TSE CMG traded up C$0.01 during trading hours on Thursday, reaching C$4.16. 94,743 shares of the stock traded hands, compared to its average volume of 170,341. The company has a market capitalization of C$306.18 million, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.97 and a beta of -0.59. The company has a quick ratio of 2.25, a current ratio of 1.06 and a debt-to-equity ratio of 54.99. Computer Modelling Group has a 52-week low of C$3.40 and a 52-week high of C$5.62. The company’s 50-day simple moving average is C$4.04 and its two-hundred day simple moving average is C$3.99.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a dividend of $0.01 per share. 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, September 4th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 21.05%.

Insiders Place Their Bets

In other news, Director Alexander Davern bought 25,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of C$4.00 per share, with a total value of C$100,000.00. Following the completion of the purchase, the director directly owned 225,000 shares in the company, valued at C$900,000. This represents a 12.50% increase in their ownership of the stock. 1.03% of the stock is owned by insiders.

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.