Computer Modelling Group Ltd. (TSE:CMG) Plans $0.05 Quarterly Dividend

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Thursday, June 5th, TickerTech Dividends reports. Investors of record on Friday, June 13th will be paid a dividend of 0.05 per share on Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, June 5th.

Computer Modelling Group Trading Down 0.1%

CMG opened at C$6.71 on Tuesday. Computer Modelling Group has a 1-year low of C$6.58 and a 1-year high of C$14.73. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a market cap of C$541.39 million, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a fifty day moving average price of C$7.62 and a two-hundred day moving average price of C$8.96.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMG. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. CIBC dropped their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Ventum Financial dropped their price target on shares of 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. Raymond James dropped their price target on shares of 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. Finally, Ventum Cap Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$13.14.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Pramod Jain bought 14,425 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$7.42 per share, with a total value of C$107,011.11. Also, Director Kenneth Michael Dedeluk sold 7,100 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of C$8.00, for a total transaction of C$56,800.00. In the last 90 days, insiders have acquired 43,910 shares of company stock valued at $326,237. 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.