Computer Modelling Group (TSE:CMG) Hits New 12-Month High at $10.92

Computer Modelling Group Ltd. (TSE:CMG) hit a new 52-week high during trading on Monday . The stock traded as high as C$10.92 and last traded at C$10.87, with a volume of 153115 shares. The stock had previously closed at C$10.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMG. Canaccord Genuity Group increased their target price on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a research report on Friday, February 9th. National Bankshares set a C$12.50 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Barclays lifted their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$10.83.

Computer Modelling Group Price Performance

The company’s 50 day moving average price is C$10.13 and its 200-day moving average price is C$9.90. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The company has a market capitalization of C$891.09 million, a PE ratio of 37.83, a PEG ratio of 1.97 and a beta of 1.15.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.08. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. The firm had revenue of C$33.01 million during the quarter, compared to analysts’ expectations of C$31.65 million. On average, sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3501041 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Wednesday, March 6th. Computer Modelling Group’s payout ratio is currently 68.97%.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$10.10, for a total transaction of C$404,000.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$10.10, for a total transaction of C$404,000.00. In the last quarter, insiders have sold 206,000 shares of company stock worth $2,116,920. Company insiders own 1.49% of the company’s stock.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.