Long X. Nghiem Sells 10,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of the company’s stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$10.41, for a total value of C$104,100.00.

Computer Modelling Group Trading Down 0.2 %

Computer Modelling Group stock opened at C$10.26 on Friday. Computer Modelling Group Ltd. has a 1 year low of C$8.43 and a 1 year high of C$14.73. The firm’s 50 day moving average price is C$11.36 and its 200-day moving average price is C$12.29. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market cap of C$839.78 million, a P/E ratio of 36.64, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMG. Acumen Capital upped their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. CIBC decreased their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average target price of C$13.50.

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.