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

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 6th.

Computer Modelling Group Trading Down 0.7 %

Shares of CMG opened at C$8.05 on Tuesday. Computer Modelling Group has a twelve month low of C$7.82 and a twelve month high of C$14.73. The company has a market cap of C$649.51 million, a P/E ratio of 26.55, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company’s fifty day simple moving average is C$9.92 and its 200-day simple moving average is C$11.05.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. CIBC reduced their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Raymond James reduced their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Ventum Financial reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.13.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total value of C$283,850.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$8.10, for a total transaction of C$47,668.50. Insiders have sold a total of 110,480 shares of company stock worth $1,160,390 in the last three months. Corporate 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.