Insider Buying: Computer Modelling Group (TSE:CMG) Director Buys C$41,827.38 in Stock

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) Director Pramod Jain purchased 12,054 shares of Computer Modelling Group stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of C$3.47 per share, with a total value of C$41,827.38. Following the transaction, the director owned 192,897 shares of the company’s stock, valued at approximately C$669,352.59. This represents a 6.67% increase in their ownership of the stock.

Computer Modelling Group Price Performance

Shares of CMG stock remained flat at C$3.70 during trading hours on Tuesday. The stock had a trading volume of 103,391 shares, compared to its average volume of 196,550. The stock’s 50-day moving average price is C$3.80 and its 200-day moving average price is C$4.24. The stock 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. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. Computer Modelling Group Ltd. has a 12-month low of C$3.40 and a 12-month high of C$8.23.

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

Computer Modelling Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on CMG shares. Ventum Financial increased their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Raymond James Financial cut 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. Finally, National Bank Financial decreased their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$5.75.

View Our Latest Research Report on Computer Modelling Group

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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