Computer Modelling Group Ltd. to Issue Quarterly Dividend of $0.01 (TSE:CMG)

Key Points

• Computer Modelling Group Ltd. has declared a quarterly dividend of $0.01 per share, set to be paid on September 15th, with a 0.6% dividend yield.
• As of the article's date, the company's stock opened at C$6.20, with a market capitalization of C$512.04 million and a price-to-earnings ratio of 23.85.
• Investment firm Ventum Cap Mkts has downgraded the company's stock rating from "strong-buy" to "hold", resulting in an average target price of C$12.83.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) declared a quarterly dividend on Friday, September 5th, TickerTech Dividends reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.01 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th.

Computer Modelling Group Stock Down 0.3%

Shares of TSE:CMG opened at C$6.20 on Wednesday. The company has a market capitalization of C$512.04 million, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.97 and a beta of -0.05. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The business's 50-day moving average is C$7.08 and its 200-day moving average is C$7.43. Computer Modelling Group has a 1 year low of C$6.11 and a 1 year high of C$12.85.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Computer Modelling Group currently has an average rating of "Hold" and an average price target of C$12.83.

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.

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