Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Computer Modelling Group Ltd. has received a consensus recommendation of "Hold" from seven ratings firms, with four analysts recommending a hold and three giving a buy rating.
• The company recently announced a quarterly dividend of $0.05 per share, representing an annualized yield of 2.5% and a payout ratio of 65.95%.
• Insiders have recently sold a total of 51,800 shares valued at $363,190, while purchasing 21,346 shares valued at $136,969 in the last quarter.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$12.83.

Separately, Ventum Cap Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Pramod Jain bought 6,100 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of C$4.99 per share, with a total value of C$30,455.47. Also, Director Kenneth Michael Dedeluk sold 20,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of C$7.00, for a total transaction of C$140,000.00. Over the last ninety days, insiders acquired 21,346 shares of company stock valued at $136,969 and sold 51,800 shares valued at $363,190. 1.03% of the stock is currently owned by insiders.

Computer Modelling Group Stock Performance

TSE CMG traded up C$0.01 on Thursday, reaching C$6.56. 87,084 shares of the stock were exchanged, compared to its average volume of 190,955. Computer Modelling Group has a one year low of C$6.22 and a one year high of C$13.31. The firm has a market capitalization of C$529.29 million, a PE ratio of 21.63, a PEG ratio of 1.97 and a beta of 1.21. The company's 50-day simple moving average is C$7.31 and its two-hundred day simple moving average is C$7.87. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.0%. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Computer Modelling Group Company Profile

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.