Computer Modelling Group (TSE:CMG) Share Price Passes Above 200-Day Moving Average - Here's Why

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%.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$13.14.

Computer Modelling Group Trading Up 2.2%

The stock has a market capitalization of C$528.48 million, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a 50-day moving average price of C$7.31 and a 200 day moving average price of C$7.91.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's payout ratio is presently 65.95%.

Insider Transactions at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 20,000 shares of the company'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. Also, Director Birgit Troy bought 11,100 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of C$6.99 per share, for a total transaction of C$77,589.00. In the last three months, insiders purchased 21,346 shares of company stock valued at $136,969 and sold 51,800 shares valued at $363,190. Corporate insiders own 1.03% of the company's stock.

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.