Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Sells 5,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) Senior Officer Long X. Nghiem sold 5,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$12.70, for a total transaction of C$63,500.00.

Computer Modelling Group Stock Performance

Shares of TSE CMG traded up C$0.31 during midday trading on Tuesday, hitting C$12.86. The company’s stock had a trading volume of 180,574 shares, compared to its average volume of 118,677. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. Computer Modelling Group Ltd. has a 1-year low of C$6.21 and a 1-year high of C$13.75. The firm’s fifty day moving average price is C$11.71 and its 200-day moving average price is C$10.53. The firm has a market cap of C$1.04 billion, a P/E ratio of 43.28, a P/E/G ratio of 1.97 and a beta of 1.14.

Computer Modelling Group (TSE:CMGGet Free Report) last issued its earnings results on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.02. The firm had revenue of C$32.29 million for the quarter, compared to analysts’ expectations of C$31.30 million. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. On average, sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3502392 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.56%. Computer Modelling Group’s payout ratio is currently 68.97%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMG shares. Raymond James set a C$15.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Monday, June 17th. CIBC set a C$13.50 target price on Computer Modelling Group and gave the company an “outperform” rating in a report on Friday, May 24th. Canaccord Genuity Group upped their price target on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. National Bankshares lifted their price objective on Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Cibc World Mkts raised shares of Computer Modelling Group to a “strong-buy” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Computer Modelling Group has a consensus rating of “Moderate Buy” and an average price target of C$12.28.

Get Our Latest Analysis on CMG

About Computer Modelling Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Computer Modelling Group (TSE:CMG)

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