Computer Modelling Group (TSE:CMG) Insider Purchases C$11,478.76 in Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Kristina Mysev bought 3,308 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of C$3.47 per share, for a total transaction of C$11,478.76. Following the purchase, the insider owned 24,032 shares of the company’s stock, valued at approximately C$83,391.04. The trade was a 15.96% increase in their position.

Computer Modelling Group Price Performance

CMG stock remained flat at C$3.70 during trading on Tuesday. 103,391 shares of the company traded hands, compared to its average volume of 196,550. Computer Modelling Group Ltd. has a 52 week low of C$3.40 and a 52 week high of C$8.23. The firm has a 50-day moving average of C$3.80 and a 200 day moving average of C$4.24. The stock has a market cap of C$288.58 million, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.97 and a beta of -0.80. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Thursday, May 21st. The company reported C$0.07 EPS for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The firm had revenue of C$33.67 million for the quarter. Sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s payout ratio is currently 38.10%.

Analysts Set New Price Targets

A number of analysts recently commented on CMG shares. National Bank Financial lowered their target price on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Ventum Financial raised their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Raymond James Financial lowered their price objective 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 note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

About Computer Modelling Group

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.