Computer Modelling Group (TSE:CMG) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Computer Modelling Group Ltd. (TSE:CMG – Get Free Report) shares 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 trading hands.

Wall Street Analyst Weigh In

CMG has been the subject of several research analyst reports. National Bank Financial reduced their target price 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 report on Wednesday, May 27th. Raymond James Financial reduced their price objective on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.75.

Read Our Latest Analysis on CMG

Computer Modelling Group Price Performance

The company’s 50-day moving average is C$3.85 and its 200-day moving average is C$3.89. The firm has a market cap of C$311.98 million, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.97 and a beta of -0.61. The company has a current ratio of 1.06, a quick ratio of 2.25 and a debt-to-equity ratio of 54.99.

Computer Modelling Group (TSE:CMG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 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%. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.04 annualized dividend and a yield of 1.0%. Computer Modelling Group’s dividend payout ratio (DPR) is 21.05%.

Insider Activity

In related news, Director Pramod Jain bought 12,054 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of C$3.47 per share, with a total value of C$41,827.38. Following the completion of the acquisition, the director owned 192,897 shares of the company’s stock, valued at C$669,352.59. The trade was a 6.67% increase in their ownership of the stock. Also, Director Anuroop Duggal purchased 25,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$3.57 per share, for a total transaction of C$89,250.00. Following the completion of the purchase, the director owned 214,134 shares in the company, valued at C$764,458.38. This represents a 13.22% increase in their position. In the last three months, insiders have acquired 48,367 shares of company stock valued at $170,333. Insiders own 1.03% of the company’s stock.

About Computer Modelling Group

(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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