Computer Modelling Group (TSE:CMG) Trading 8.8% Higher – Here’s What Happened

Computer Modelling Group Ltd. (TSE:CMG) rose 8.8% during mid-day trading on Wednesday . The company traded as high as C$4.27 and last traded at C$4.22. 195,493 shares changed hands during trading, an increase of 9% from the average daily volume of 179,143 shares. The stock had previously closed at C$3.88.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut their target price on 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.75.

Computer Modelling Group Stock Up 8.0%

The stock has a market capitalization of C$326.79 million, a price-to-earnings ratio of 22.05, a PEG ratio of 1.97 and a beta of -0.61. The firm has a 50-day moving average of C$3.85 and a 200 day moving average of C$3.88. The company has a debt-to-equity ratio of 54.99, a current ratio of 1.06 and a quick ratio of 2.25.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$27.85 million during the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%. As a group, sell-side analysts forecast 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 Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, September 4th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. Computer Modelling Group’s payout ratio is currently 21.05%.

Insider Transactions at Computer Modelling Group

In other news, Director Anuroop Duggal bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of C$3.57 per share, for a total transaction of C$89,250.00. Following the purchase, the director owned 214,134 shares of the company’s stock, valued at approximately C$764,458.38. This trade represents a 13.22% increase in their position. Also, Director Pramod Jain purchased 12,054 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of C$3.47 per share, with a total value of C$41,827.38. Following the acquisition, the director directly owned 192,897 shares of the company’s stock, valued at C$669,352.59. This trade represents a 6.67% increase in their position. Over the last ninety days, insiders bought 48,367 shares of company stock worth $170,333. 1.03% of the stock is owned by insiders.

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.