Computer Modelling Group (TSE:CMG) Stock Price Up 8.8% – What’s Next?

Computer Modelling Group Ltd. (TSE:CMG)’s stock price traded up 8.8% during mid-day trading on Wednesday. The stock traded as high as C$4.27 and last traded at C$4.22. 195,493 shares changed hands during trading, an increase of 9% from the average daily volume of 179,143 shares. The stock had previously closed at C$3.88.

Computer Modelling Group Stock Performance

The company has a quick ratio of 2.25, a current ratio of 1.06 and a debt-to-equity ratio of 54.99. The business has a 50 day moving average price of C$3.86 and a 200 day moving average price of C$3.88. The stock has a market cap of C$311.98 million, a P/E ratio of 21.05, a PEG ratio of 1.97 and a beta of -0.61.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$27.85 million during the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%. As a group, sell-side analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 4th. Computer Modelling Group’s dividend payout ratio (DPR) is 21.05%.

Insiders Place Their Bets

In related news, Director Pramod Jain bought 12,054 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of C$3.47 per share, with a total value of C$41,827.38. Following the completion of the purchase, the director owned 192,897 shares of the company’s stock, valued at C$669,352.59. This trade represents a 6.67% increase in their ownership of the stock. Also, Director Anuroop Duggal purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$3.57 per share, for a total transaction of C$89,250.00. Following the completion of the acquisition, the director owned 214,134 shares of the company’s stock, valued at approximately C$764,458.38. The trade was a 13.22% increase in their position. Insiders have bought 48,367 shares of company stock valued at $170,333 over the last three months. Insiders own 1.03% of the company’s stock.

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.