Computer Modelling Group (TSE:CMG) Director Pramod Jain Acquires 12,054 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Pramod Jain acquired 12,054 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of C$3.47 per share, for a total transaction of C$41,827.38. Following the acquisition, the director owned 192,897 shares of the company’s stock, valued at approximately C$669,352.59. The trade was a 6.67% increase in their position.

Computer Modelling Group Price Performance

CMG opened at C$3.70 on Wednesday. Computer Modelling Group Ltd. has a one year low of C$3.40 and a one year high of C$8.23. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. The stock has a market capitalization of C$288.58 million, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.97 and a beta of -0.80. The business’s 50-day simple moving average is C$3.80 and its 200-day simple moving average is C$4.24.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$33.67 million during the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. Analysts anticipate 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s dividend payout ratio is presently 38.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMG shares. Raymond James Financial reduced 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 report on Friday, May 22nd. Ventum Financial raised their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Finally, National Bank Financial dropped their price objective 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 research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus price target 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.