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

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) announced a quarterly dividend on Thursday, June 5th, TickerTech Dividends reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.05 per share on Friday, June 13th. This represents a $0.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 5th.

Computer Modelling Group Price Performance

Shares of TSE:CMG traded up C$0.08 during midday trading on Wednesday, hitting C$7.04. The company's stock had a trading volume of 265,347 shares, compared to its average volume of 191,404. Computer Modelling Group has a 12-month low of C$6.58 and a 12-month high of C$14.73. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The company has a market cap of C$568.02 million, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business's 50 day simple moving average is C$7.60 and its 200 day simple moving average is C$8.95.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMG. Ventum Cap Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Cibc World Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Financial cut 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. CIBC cut 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. Finally, Raymond James lowered their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Computer Modelling Group has an average rating of "Hold" and an average target price of C$13.14.

Insider Activity

In related news, Director Kenneth Michael Dedeluk sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$7.00, for a total transaction of C$35,000.00. Also, Senior Officer Pramod Jain bought 14,425 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of C$7.42 per share, with a total value of C$107,011.11. Over the last quarter, insiders have bought 43,910 shares of company stock valued at $326,237 and have sold 17,100 shares valued at $126,050. Insiders own 1.03% of the company's stock.

About Computer Modelling Group

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.