Computer Modelling Group Ltd. Announces Quarterly Dividend of $0.05 (TSE:CMG)

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) announced a quarterly dividend on Thursday, March 6th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, March 6th.

Computer Modelling Group Trading Down 0.9 %

Shares of TSE CMG traded down C$0.07 during trading on Friday, hitting C$7.77. 312,231 shares of the company were exchanged, compared to its average volume of 222,739. The company has a fifty day moving average price of C$9.72 and a 200-day moving average price of C$10.89. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The firm has a market capitalization of C$626.92 million, a PE ratio of 25.62, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 12-month low of C$7.66 and a 12-month high of C$14.73.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,885 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$8.10, for a total transaction of C$47,668.50. Also, Senior Officer Long X. Nghiem sold 30,500 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$11.08, for a total transaction of C$337,940.00. Insiders sold 85,480 shares of company stock worth $876,540 in the last three months. 1.03% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent analyst reports. Raymond James cut their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Cibc World Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Financial decreased their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets cut their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group cut shares of Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$13.13.

About Computer Modelling Group

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.