Computer Modelling Group Ltd. (TSE:CMG) Director Ryan Nicolas Schneider Purchases 3,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Ryan Nicolas Schneider acquired 3,000 shares of the stock in a transaction on Monday, June 10th. The shares were bought at an average price of C$7.28 per share, for a total transaction of C$21,840.00. Following the purchase, the director now owns 3,900 shares in the company, valued at C$28,392.

Computer Modelling Group stock traded down C$0.06 during mid-day trading on Friday, reaching C$7.18. 67,300 shares of the company were exchanged, compared to its average volume of 181,279. Computer Modelling Group Ltd. has a 12 month low of C$5.25 and a 12 month high of C$10.36. The firm has a market cap of $576.03 million and a PE ratio of 26.01.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.05 by C$0.03. The business had revenue of C$21.14 million during the quarter, compared to the consensus estimate of C$16.80 million. On average, equities analysts expect that Computer Modelling Group Ltd. will post 0.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 5.57%. Computer Modelling Group’s payout ratio is 144.93%.

A number of equities analysts have commented on the company. Industrial Alliance Securities lowered Computer Modelling Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$7.50 to C$7.75 in a research note on Friday, June 7th. BMO Capital Markets set a C$9.00 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Friday, May 24th. Finally, Canaccord Genuity upgraded Computer Modelling Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Computer Modelling Group currently has a consensus rating of “Hold” and an average target price of C$7.81.

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Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

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