Computer Modelling Group Ltd. (CMG) to Issue Quarterly Dividend of $0.05 on December 13th

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, December 5th,TickerTech Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.05 per share on Friday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, December 5th.

Computer Modelling Group Stock Down 0.4 %

Computer Modelling Group stock traded down C$0.04 during mid-day trading on Tuesday, hitting C$11.10. The company had a trading volume of 61,907 shares, compared to its average volume of 137,221. The stock has a market cap of C$908.54 million, a price-to-earnings ratio of 39.89, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. Computer Modelling Group has a 1 year low of C$8.43 and a 1 year high of C$14.73. The business has a fifty day moving average of C$11.35 and a 200 day moving average of C$12.30.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 57,300 shares of Computer Modelling Group stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$10.34, for a total value of C$592,596.60. Insiders have sold a total of 85,900 shares of company stock valued at $886,417 over the last three months. 1.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on CMG. Acumen Capital lifted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. CIBC reduced their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.50.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.