Computer Modelling Group (TSE:CMG) Director Anuroop Duggal Acquires 25,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Anuroop Duggal bought 25,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of C$3.57 per share, for a total transaction of C$89,250.00. Following the acquisition, the director directly owned 214,134 shares in the company, valued at approximately C$764,458.38. This trade represents a 13.22% increase in their ownership of the stock.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock traded up C$0.09 during trading hours on Tuesday, reaching C$3.58. The company had a trading volume of 154,679 shares, compared to its average volume of 199,125. Computer Modelling Group Ltd. has a one year low of C$3.40 and a one year high of C$8.23. The business has a fifty day simple moving average of C$3.84 and a 200 day simple moving average of C$4.29. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The firm has a market cap of C$279.22 million, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.97 and a beta of -0.82.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The company had revenue of C$33.67 million for the quarter. On average, analysts anticipate that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal 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 given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Computer Modelling Group’s dividend payout ratio (DPR) is 38.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CMG. Ventum Financial increased their target price on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. National Bank Financial decreased their price target 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. Finally, Raymond James Financial dropped their price objective on 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

Computer Modelling Group Company Profile

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.