Vipin Khullar Buys 3,623 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Vipin Khullar bought 3,623 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of C$3.47 per share, with a total value of C$12,571.81. Following the purchase, the insider owned 9,326 shares of the company’s stock, valued at C$32,361.22. This represents a 63.53% increase in their ownership of the stock.

Computer Modelling Group Trading Up 2.2%

CMG stock opened at C$3.78 on Thursday. The company has a market capitalization of C$294.82 million, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.97 and a beta of -0.80. Computer Modelling Group Ltd. has a one year low of C$3.40 and a one year high of C$8.23. The company’s 50 day moving average price is C$3.80 and its two-hundred day moving average price is C$4.23. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. The company had revenue of C$33.67 million during the quarter. As a group, analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 annualized dividend and a yield of 1.1%. Computer Modelling Group’s payout ratio is currently 38.10%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Raymond James Financial reduced their price objective on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. National Bank Financial dropped their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, Ventum Financial raised their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$5.75.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.