Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Acquires C$35,590.31 in Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Senior Officer Pramod Jain bought 4,635 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of C$7.68 per share, for a total transaction of C$35,590.31.

Pramod Jain also recently made the following trade(s):

• On Thursday, March 13th, Pramod Jain purchased 14,425 shares of Computer Modelling Group stock. The shares were purchased at an average cost of C$7.42 per share, with a total value of C$107,011.11.

Computer Modelling Group Price Performance

Shares of CMG traded down C$0.04 during mid-day trading on Friday, reaching C$7.90. 149,622 shares of the company's stock were exchanged, compared to its average volume of 223,276. 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 quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a 50-day simple moving average of C$9.09 and a two-hundred day simple moving average of C$10.50. The company has a market cap of C$637.41 million, a price-to-earnings ratio of 26.05, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

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

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Cibc World Mkts downgraded Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Raymond James reduced their target price on 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. BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Ventum Financial cut their price target on shares of 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. Finally, CIBC decreased their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.13.

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Computer Modelling Group Company Profile

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.