Computer Modelling Group (TSE:CMG) Sets New 12-Month High at $11.54

Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$11.54 and last traded at C$11.45, with a volume of 152278 shares changing hands. The stock had previously closed at C$10.66.

Analyst Ratings Changes

CMG has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. Canaccord Genuity Group boosted their price objective on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, National Bankshares set a C$12.50 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$10.83.

Computer Modelling Group Stock Performance

The firm has a market capitalization of C$918.71 million, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. The company’s fifty day moving average price is C$10.49 and its two-hundred day moving average price is C$10.08.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Insider Buying and Selling

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of C$10.75, for a total transaction of C$107,500.00. In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 16,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$10.37, for a total value of C$165,920.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of C$10.75, for a total transaction of C$107,500.00. In the last quarter, insiders sold 206,000 shares of company stock valued at $2,121,920. 1.37% of the stock is currently owned by corporate insiders.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced 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 reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.