Computer Modelling Group Ltd. (CMG) To Go Ex-Dividend on December 5th

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, December 5th,TickerTech Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.05 per share on Friday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 5th.

Computer Modelling Group Price Performance

Shares of CMG traded down C$0.12 during mid-day trading on Tuesday, reaching C$11.02. The company had a trading volume of 71,997 shares, compared to its average volume of 137,264. The company’s 50-day moving average is C$11.35 and its 200-day moving average is C$12.30. 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 company has a market capitalization of C$901.99 million, a P/E ratio of 39.89, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a twelve month low of C$8.43 and a twelve month high of C$14.73.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMG shares. Acumen Capital boosted their target price on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. CIBC cut their target price on 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 Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.50.

Insider Activity

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Insiders sold a total of 85,900 shares of company stock valued at $886,417 in the last 90 days. 1.03% of the stock is currently owned by insiders.

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.