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

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.05 and traded as high as C$8.23. Computer Modelling Group shares last traded at C$7.89, with a volume of 60,093 shares traded.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Computer Modelling Group presently has an average rating of "Hold" and a consensus target price of C$13.14.

Computer Modelling Group Trading Down 3.0%

The stock has a market cap of C$618.85 million, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.97 and a beta of 1.21. The business's fifty day simple moving average is C$7.27 and its 200 day simple moving average is C$8.01. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 5th. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Insider Buying and Selling at Computer Modelling Group

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

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.