Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.94 and traded as high as C$3.94. Computer Modelling Group shares last traded at C$3.92, with a volume of 648,910 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on CMG shares. National Bank Financial cut their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a "sector perform" rating on the stock in a research report on Wednesday, May 27th. Raymond James Financial decreased their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an "outperform" rating for the company in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$5.75.
Check Out Our Latest Stock Analysis on Computer Modelling Group
Computer Modelling Group Stock Up 3.2%
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 firm has a market capitalization of C$305.74 million, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.97 and a beta of -0.81. The stock has a 50 day moving average of C$3.78 and a 200 day moving average of C$3.94.
Computer Modelling Group (TSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%.The firm had revenue of C$27.85 million for the quarter. As a group, analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.
Computer Modelling Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, June 5th. Computer Modelling Group's payout ratio is 21.05%.
Insider Activity at Computer Modelling Group
In other news, Director Anuroop Duggal acquired 25,000 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of C$3.57 per share, for a total transaction of C$89,250.00. Following the completion of the purchase, the director directly owned 214,134 shares of the company's stock, valued at C$764,458.38. This trade represents a 13.22% increase in their position. Also, Director Pramod Jain acquired 12,054 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of C$3.47 per share, for a total transaction of C$41,827.38. Following the completion of the purchase, the director directly owned 192,897 shares of the company's stock, valued at C$669,352.59. The trade was a 6.67% increase in their ownership of the stock. In the last ninety days, insiders have bought 138,367 shares of company stock valued at $513,818. Corporate insiders own 1.03% of the company's stock.
Computer Modelling Group Company Profile
(
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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.
Further Reading
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