Computer Modelling Group (TSE:CMG) Sets New 12-Month High at $11.40

Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week high on Wednesday . The company traded as high as C$11.40 and last traded at C$11.40, with a volume of 192883 shares trading hands. The stock had previously closed at C$11.02.

Analysts Set New Price Targets

CMG has been the subject of several research reports. Canaccord Genuity Group upped their target price on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Barclays increased their price target on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, National Bankshares set a C$12.50 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.83.

Computer Modelling Group Price Performance

The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The business has a 50 day moving average of C$10.30 and a 200 day moving average of C$9.97. The company has a market cap of C$926.02 million, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$33.01 million for the quarter, compared to analyst estimates of C$31.65 million. As a group, research analysts predict that Computer Modelling Group Ltd. will post 0.3502347 EPS for the current year.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. Computer Modelling Group’s dividend payout ratio is presently 68.97%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Robert David Hicks sold 20,000 shares of Computer Modelling Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$10.15, for a total value of C$203,000.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$10.10, for a total value of C$404,000.00. Also, Senior Officer Robert David Hicks sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$10.15, for a total transaction of C$203,000.00. In the last three months, insiders have sold 206,000 shares of company stock valued at $2,121,920. 1.37% of the stock is owned by corporate insiders.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced 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 reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.