Alexander Davern Buys 3,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern purchased 3,000 shares of Computer Modelling Group stock in a transaction dated Monday, March 24th. The stock was bought at an average price of C$7.86 per share, for a total transaction of C$23,586.42.

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

• On Wednesday, March 26th, Alexander Davern purchased 2,000 shares of Computer Modelling Group stock. The stock was purchased at an average price of C$8.06 per share, for a total transaction of C$16,117.24.
• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$7.92 per share, with a total value of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average price of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Performance

TSE:CMG traded up C$0.02 during mid-day trading on Friday, hitting C$8.00. The stock had a trading volume of 134,675 shares, compared to its average volume of 212,533. 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 stock has a market cap of C$645.48 million, a price-to-earnings ratio of 26.38, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a twelve month low of C$7.04 and a twelve month high of C$14.73. The company's 50 day simple moving average is C$8.91 and its 200 day simple moving average is C$10.37.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.50%. Computer Modelling Group's payout ratio is currently 65.95%.

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Wall Street Analyst Weigh In

CMG has been the topic of several recent analyst reports. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Ventum Financial lowered their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. 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 note on Wednesday, February 12th. BMO Capital Markets reduced their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Finally, Cibc World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Computer Modelling Group has an average rating of "Moderate Buy" and a consensus 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.