Computer Modelling Group Ltd. (TSE:CMG – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$3.54 and last traded at C$3.57, with a volume of 110565 shares traded. The stock had previously closed at C$3.61.
Analyst Ratings Changes
CMG has been the topic of a number of recent research reports. Ventum Financial boosted their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. National Bank Financial cut 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 note on Wednesday, May 27th. Finally, Raymond James Financial reduced their price target 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$5.75.
View Our Latest Analysis on Computer Modelling Group
Computer Modelling Group Stock Down 1.1%
Computer Modelling Group (TSE:CMG – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$33.67 million during the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. Analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.
Computer Modelling Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 38.10%.
Insider Activity
In other news, Director Alexander Davern bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of C$3.88 per share, with a total value of C$155,200.00. Following the completion of the transaction, the director directly owned 175,000 shares in the company, valued at C$679,000. This represents a 29.63% increase in their ownership of the stock. In the last quarter, insiders have bought 90,000 shares of company stock worth $343,485. Insiders own 1.03% of the company’s stock.
Computer Modelling Group Company Profile
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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