Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Director Acquires 3,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern purchased 3,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

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

• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The stock was bought at an average price of C$7.92 per share, for a total transaction of C$23,758.02.

Computer Modelling Group Trading Down 0.5 %

CMG stock traded down C$0.04 during trading on Friday, hitting C$7.90. 149,622 shares of the company traded hands, compared to its average volume of 223,276. The company has a 50-day moving average of C$9.09 and a 200-day moving average of C$10.50. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group Ltd. has a 1 year low of C$7.04 and a 1 year high of C$14.73. The firm has a market capitalization of C$637.41 million, a PE ratio of 26.05, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group's payout ratio is 65.95%.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. CIBC cut their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets dropped their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Ventum Financial reduced their target price 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. Cibc World Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, Raymond James reduced their price objective 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Computer Modelling Group currently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.13.

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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.