Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern Acquires 3,000 Shares

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern purchased 3,000 shares of the stock in a transaction on Friday, March 21st. The shares were purchased at an average price of C$7.92 per share, with a total value of C$23,758.02.

Alexander Davern also recently made the following trade(s):

• On Monday, March 24th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$7.86 per share, with a total value of C$23,586.42.
• On Wednesday, March 19th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The stock was acquired at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Price Performance

CMG stock traded up C$0.02 during trading on Tuesday, reaching C$8.02. 12,307 shares of the company were exchanged, compared to its average volume of 216,923. Computer Modelling Group Ltd. has a 52-week low of C$7.04 and a 52-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. The company has a market cap of C$647.09 million, a P/E ratio of 26.45, a PEG ratio of 1.97 and a beta of 1.21. The stock's 50 day moving average price is C$9.04 and its 200 day moving average price is C$10.47.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's payout ratio is currently 65.95%.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMG shares. 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. CIBC dropped their price target 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 note on Wednesday, February 12th. Cibc World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Financial dropped their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Raymond James cut their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.