Computer Modelling Group (TSE:CMG) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Computer Modelling Group shares briefly moved above their 200-day moving average of C$3.89, reaching C$3.92 before closing at C$3.83.
• Analyst opinions remain generally positive, with a consensus “Moderate Buy” rating and a C$5.75 target price, although Raymond James and National Bank Financial recently lowered their targets.
• The company reported quarterly revenue of C$27.85 million and EPS of C$0.02, while maintaining a C$0.01 quarterly dividend. Directors also purchased 48,367 shares over the past three months.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.89 and traded as high as C$3.92. Computer Modelling Group shares last traded at C$3.83, with a volume of 102,229 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CMG shares. Raymond James Financial decreased their target price 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 note on Friday, May 22nd. National Bank Financial decreased their price objective on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a "sector perform" rating for the company in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.75.

Computer Modelling Group Stock Down 1.3%

The company has a current ratio of 1.06, a quick ratio of 2.25 and a debt-to-equity ratio of 54.99. The business has a fifty day simple moving average of C$3.85 and a two-hundred day simple moving average of C$3.89. The company has a market cap of C$298.72 million, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.97 and a beta of -0.61.

Computer Modelling Group (TSE:CMG - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$27.85 million during the quarter. Computer Modelling Group had a net margin of 12.41% and a return on equity of 18.44%. As a group, equities research analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 4th. Computer Modelling Group's dividend payout ratio (DPR) is 21.05%.

Insider Buying and Selling

In other news, Director Anuroop Duggal acquired 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of C$3.57 per share, for a total transaction of C$89,250.00. Following the acquisition, the director owned 214,134 shares of the company's stock, valued at C$764,458.38. This represents a 13.22% increase in their ownership of the stock. Also, Director Pramod Jain purchased 12,054 shares of Computer Modelling Group stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of C$3.47 per share, for a total transaction of C$41,827.38. Following the transaction, the director directly owned 192,897 shares of the company's stock, valued at approximately C$669,352.59. This represents a 6.67% increase in their position. In the last three months, insiders acquired 48,367 shares of company stock worth $170,333. 1.03% of the stock is owned by corporate insiders.

About Computer Modelling Group

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.

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