Computer Modelling Group Ltd. (TSE:CMG)’s share price hit a new 52-week low on Thursday . The company traded as low as C$7.79 and last traded at C$7.80, with a volume of 64928 shares. The stock had previously closed at C$8.06.
A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their target price on Computer Modelling Group from C$8.00 to C$7.00 and set an “underperform” rating on the stock in a research note on Friday, August 10th. Industrial Alliance Securities upgraded Computer Modelling Group from a “hold” rating to a “buy” rating and decreased their target price for the stock from C$10.50 to C$10.00 in a research note on Friday, August 10th.
Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Computer Modelling Group had a return on equity of 34.99% and a net margin of 27.82%. The firm had revenue of C$16.71 million during the quarter, compared to analysts’ expectations of C$18.20 million.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, September 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Wednesday, September 5th.
In other news, Director Ryan Nicolas Schneider acquired 3,385 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was purchased at an average cost of C$8.66 per share, for a total transaction of C$29,314.10. Insiders bought a total of 9,019 shares of company stock valued at $77,013 over the last quarter.
About Computer Modelling Group (TSE:CMG)
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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