Computer Modelling Group (TSE:CMG) Insider Acquires 3,623 Shares

by · The Cerbat Gem

Computer Modelling Group Ltd. (TSE:CMG – Get Free Report) insider Vipin Khullar bought 3,623 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of C$3.47 per share, with a total value of C$12,571.81. Following the completion of the acquisition, the insider owned 9,326 shares in the company, valued at C$32,361.22. This represents a 63.53% increase in their position.

Computer Modelling Group Price Performance

TSE:CMG remained flat at C$3.70 on Tuesday. 103,391 shares of the company’s stock were exchanged, compared to its average volume of 196,550. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The firm has a market cap of C$288.58 million, a P/E ratio of 17.62, a P/E/G ratio of 1.97 and a beta of -0.80. Computer Modelling Group Ltd. has a 52-week low of C$3.40 and a 52-week high of C$8.23. The stock’s fifty day simple moving average is C$3.80 and its two-hundred day simple moving average is C$4.24.

Computer Modelling Group (TSE:CMG – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 EPS for the quarter. The firm had revenue of C$33.67 million for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. Sell-side analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Computer Modelling Group’s payout ratio is 38.10%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMG shares. National Bank Financial reduced their price target on 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. Ventum Financial increased their target price on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, 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 report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and an average price target of C$5.75.

Read Our Latest Stock Analysis on Computer Modelling Group

Computer Modelling Group Company Profile

(Get Free Report)

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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