Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Long X. Nghiem sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$8.38, for a total transaction of C$83,835.00. Following the completion of the sale, the insider now directly owns 799,302 shares of the company’s stock, valued at C$6,700,948.32.
CMG opened at C$8.45 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 102.33. The company has a market cap of $662.86 million and a price-to-earnings ratio of 28.55. Computer Modelling Group Ltd. has a 52-week low of C$5.25 and a 52-week high of C$8.79. The firm’s fifty day simple moving average is C$7.33 and its two-hundred day simple moving average is C$6.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Computer Modelling Group’s payout ratio is 135.14%.
A number of brokerages have issued reports on CMG. BMO Capital Markets upped their price target on shares of Computer Modelling Group from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Industrial Alliance Securities upped their price target on shares of Computer Modelling Group from C$7.75 to C$8.75 and gave the company a “buy” rating in a research note on Thursday, November 14th.
Computer Modelling Group Company Profile
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.
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