Hermanus Jacobus Nieuwoudt Purchases 2,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of C$7.24 per share, for a total transaction of C$14,486.40.

Computer Modelling Group Stock Performance

CMG stock traded up C$0.09 during trading on Tuesday, reaching C$7.33. The company had a trading volume of 157,120 shares, compared to its average volume of 227,763. 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 Ltd. has a twelve month low of C$7.17 and a twelve month high of C$14.73. The company has a market cap of C$591.42 million, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The firm has a 50-day simple moving average of C$9.60 and a 200-day simple moving average of C$10.82.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.73%. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group downgraded 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 report on Wednesday, November 13th. CIBC decreased their price objective on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Raymond James dropped their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Ventum Financial reduced their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.13.

About Computer Modelling Group

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.