Computer Modelling Group Ltd. (TSE:CMG) Plans $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Thursday, December 5th,TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 5th.

Computer Modelling Group Price Performance

Shares of CMG traded up C$0.01 during mid-day trading on Tuesday, reaching C$11.15. The company had a trading volume of 44,637 shares, compared to its average volume of 137,160. The company has a market capitalization of C$912.63 million, a price-to-earnings ratio of 39.89, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The company’s 50 day simple moving average is C$11.35 and its 200 day simple moving average is C$12.30. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Over the last three months, insiders have sold 85,900 shares of company stock worth $886,417. 1.03% of the stock is owned by company insiders.

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.