Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Acquires 14,091 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain bought 14,091 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of C$10.68 per share, for a total transaction of C$150,545.43.

Computer Modelling Group Stock Performance

Shares of TSE:CMG opened at C$10.86 on Friday. The business has a fifty day moving average of C$11.25 and a 200-day moving average of C$12.29. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. Computer Modelling Group Ltd. has a twelve month low of C$8.43 and a twelve month high of C$14.73. The firm has a market cap of C$888.89 million, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CMG shares. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Canaccord Genuity Group cut 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 research report on Wednesday, November 13th. BMO Capital Markets cut their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday. Finally, CIBC lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$13.39.

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.