Computer Modelling Group Ltd. (CMG) to Issue Quarterly Dividend of $0.05 on March 14th

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.05 per share on Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, March 6th.

Computer Modelling Group Stock Down 0.7 %

TSE:CMG opened at C$8.05 on Tuesday. The firm has a 50-day simple moving average of C$9.87 and a two-hundred day simple moving average of C$11.01. The firm has a market cap of C$649.51 million, a P/E ratio of 26.55, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a fifty-two week low of C$7.82 and a fifty-two week high of C$14.73. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 25,000 shares of Computer Modelling Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total value of C$283,850.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total transaction of C$47,668.50. In the last ninety days, insiders sold 110,480 shares of company stock valued at $1,160,390. 1.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. BMO Capital Markets lowered their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Raymond James dropped their price target 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. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, CIBC lowered their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.13.

Computer Modelling Group Company Profile

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.