Computer Modelling Group (TSE:CMG) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Computer Modelling Group Ltd. (TSE:CMGGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.94 and traded as high as C$3.94. Computer Modelling Group shares last traded at C$3.92, with a volume of 648,910 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMG shares. 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 on the stock in a report on Wednesday, May 27th. Raymond James Financial dropped their price target 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. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.75.

Check Out Our Latest Report on CMG

Computer Modelling Group Stock Performance

The firm has a market capitalization of C$315.88 million, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.97 and a beta of -0.81. The company has a quick ratio of 2.25, a current ratio of 1.06 and a debt-to-equity ratio of 54.99. The stock has a 50-day moving average price of C$3.78 and a 200 day moving average price of C$3.94.

Computer Modelling Group (TSE:CMGGet Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share for the quarter. Computer Modelling Group had a net margin of 12.41% and a return on equity of 18.44%. The firm had revenue of C$27.85 million for the quarter. On average, analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 21.05%.

Insider Activity

In other news, Director Pramod Jain acquired 12,054 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of C$3.47 per share, with a total value of C$41,827.38. Following the transaction, the director owned 192,897 shares in the company, valued at approximately C$669,352.59. This trade represents a 6.67% increase in their ownership of the stock. Also, Director Alexander Davern bought 40,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of C$3.88 per share, with a total value of C$155,200.00. Following the purchase, the director owned 175,000 shares of the company’s stock, valued at approximately C$679,000. This represents a 29.63% increase in their position. In the last three months, insiders have bought 138,367 shares of company stock worth $513,818. 1.03% of the stock is currently owned by corporate insiders.

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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