Pramod Jain Buys 12,054 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Pramod Jain purchased 12,054 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of C$3.47 per share, for a total transaction of C$41,827.38. Following the completion of the acquisition, the director directly owned 192,897 shares in the company, valued at C$669,352.59. The trade was a 6.67% increase in their position.

Computer Modelling Group Stock Performance

Shares of CMG stock remained flat at C$3.70 on Tuesday. The company had a trading volume of 103,391 shares, compared to its average volume of 196,550. The business has a 50 day moving average of C$3.80 and a two-hundred day moving average of C$4.24. Computer Modelling Group Ltd. has a 52-week low of C$3.40 and a 52-week high of C$8.23. The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The company has a market cap of C$288.58 million, a PE ratio of 17.62, a PEG ratio of 1.97 and a beta of -0.80.

Computer Modelling Group (TSE:CMG) last released its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The business had revenue of C$33.67 million for the quarter. As a group, sell-side analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on CMG. 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 report on Friday, May 22nd. Ventum Financial upped their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, National Bank Financial dropped 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average target price of C$5.75.

Computer Modelling Group Company Profile

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.