Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Anjani Kumar Sells 10,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total transaction of C$127,300.00.

Computer Modelling Group Trading Up 2.0 %

TSE CMG opened at C$14.03 on Friday. Computer Modelling Group Ltd. has a one year low of C$6.55 and a one year high of C$14.11. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The firm has a market cap of C$1.14 billion, a P/E ratio of 48.38, a P/E/G ratio of 1.97 and a beta of 1.14. The stock’s 50-day moving average is C$12.17 and its 200-day moving average is C$10.71.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million for the quarter, compared to the consensus estimate of C$31.30 million. Sell-side analysts anticipate that Computer Modelling Group Ltd. will post 0.3502392 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. Computer Modelling Group’s payout ratio is 68.97%.

Wall Street Analyst Weigh In

CMG has been the subject of a number of analyst reports. Raymond James set a C$15.00 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Monday, June 17th. CIBC set a C$13.50 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Friday, May 24th. National Bankshares upped their price objective on Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Canaccord Genuity Group raised their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Echelon Wealth Partners upped their price target on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$12.44.

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.