Computer Modelling Group Ltd. (TSE:CMG) Plans $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.05 per share on Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, March 6th.

Computer Modelling Group Trading Down 0.7 %

TSE CMG opened at C$8.05 on Tuesday. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group has a one year low of C$7.82 and a one year high of C$14.73. The company has a 50-day simple moving average of C$9.87 and a 200-day simple moving average of C$11.01. The firm has a market capitalization of C$649.51 million, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMG. CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Ventum Financial reduced their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, Raymond James lowered their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

Insider Activity

In related news, Senior Officer Long X. Nghiem sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total transaction of C$283,850.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50. Over the last ninety days, insiders have sold 110,480 shares of company stock valued at $1,160,390. Company insiders own 1.03% of the company’s stock.

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.