Computer Modelling Group (TSE:CMG) Director Anuroop Duggal Buys 25,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Anuroop Duggal bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average price of C$3.57 per share, for a total transaction of C$89,250.00. Following the completion of the transaction, the director directly owned 214,134 shares of the company’s stock, valued at C$764,458.38. This represents a 13.22% increase in their position.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$3.58 on Wednesday. The stock has a 50 day moving average of C$3.84 and a 200 day moving average of C$4.29. Computer Modelling Group Ltd. has a 12 month low of C$3.40 and a 12 month high of C$8.23. The firm has a market cap of C$279.22 million, a PE ratio of 17.05, a PEG ratio of 1.97 and a beta of -0.82. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The business had revenue of C$33.67 million for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%. On average, research analysts expect that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.01 per share. The ex-dividend date was Friday, June 5th. This represents a $0.04 annualized dividend and a yield of 1.1%. Computer Modelling Group’s dividend payout ratio (DPR) is 38.10%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. National Bank Financial reduced their target price on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Raymond James Financial reduced their price objective on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Finally, Ventum Financial upped their price objective on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.