Computer Modelling Group (TSE:CMG) Share Price Passes Above 200-Day Moving Average - What's Next?

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.33 and traded as high as C$12.46. Computer Modelling Group shares last traded at C$12.09, with a volume of 68,755 shares changing hands.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Ventum Financial raised their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. CIBC upped their price objective on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday, August 8th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Acumen Capital increased their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their price objective on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$13.89.

Computer Modelling Group Price Performance

The stock has a market cap of C$967.47 million, a price-to-earnings ratio of 43.18, a P/E/G ratio of 1.97 and a beta of 1.21. The stock has a fifty day moving average of C$11.87 and a 200 day moving average of C$12.33. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group's payout ratio is currently 71.43%.

Insider Activity

In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total transaction of C$63,000.00. In related news, Senior Officer Long X. Nghiem sold 5,200 shares of Computer Modelling Group stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total transaction of C$63,000.00. Insiders own 1.03% of the company's stock.

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.