Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Acquires C$30,455.47 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain bought 6,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of C$4.99 per share, with a total value of C$30,455.47.

Pramod Jain also recently made the following trade(s):

• On Thursday, May 29th, Pramod Jain bought 750 shares of Computer Modelling Group stock. The shares were bought at an average price of C$6.74 per share, with a total value of C$5,051.25.
• On Tuesday, March 18th, Pramod Jain bought 4,635 shares of Computer Modelling Group stock. The shares were bought at an average price of C$7.68 per share, with a total value of C$35,590.31.
• On Thursday, March 13th, Pramod Jain acquired 14,425 shares of Computer Modelling Group stock. The stock was acquired at an average price of C$7.42 per share, with a total value of C$107,011.11.

Computer Modelling Group Price Performance

TSE CMG opened at C$6.98 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 12-month low of C$6.58 and a 12-month high of C$14.73. The company has a market capitalization of C$563.18 million, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The firm’s 50 day moving average is C$7.54 and its 200-day moving average is C$8.90.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.87%. Computer Modelling Group’s payout ratio is 65.95%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CMG shares. Ventum Cap Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Raymond James lowered their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Ventum Financial lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. CIBC lowered their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$13.14.

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.