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Computer Modelling Group (TSE:CMG) Share Price Passes Above 200 Day Moving Average - What's Next?

Computer Modelling Group logo with Computer and Technology background

Key Points

  • Computer Modelling Group Ltd. shares have surpassed their 200-day moving average of C$7.96, last trading at C$7.85 with a volume of 83,732 shares.
  • Analysts currently hold a consensus rating of "Hold" for the stock, with a target price of C$13.14, following a downgrade from Ventum Capital Markets.
  • The company has announced a quarterly dividend of $0.05 per share, indicating an annualized dividend yield of 2.5% with a payout ratio of 65.95%.
  • MarketBeat previews the top five stocks to own by October 1st.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.96 and traded as high as C$7.96. Computer Modelling Group shares last traded at C$7.85, with a volume of 83,732 shares changing hands.

Analyst Ratings Changes

Separately, Ventum Cap Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$12.83.

View Our Latest Report on CMG

Computer Modelling Group Stock Up 0.5%

The stock's fifty day moving average is C$7.31 and its two-hundred day moving average is C$7.87. 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$530.90 million, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were paid a dividend of $0.05 per share. 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 payout ratio is currently 65.95%.

Insiders Place Their Bets

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

About Computer Modelling Group

(Get Free Report)

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.

Further Reading

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