Computer Modelling Group (TSE:CMG) Stock Crosses Below 200-Day Moving Average of $4.87 – Defense World
Posted by admin on Jun 21st, 2022 
Computer Modelling Group Ltd. (TSE:CMG – Get Rating) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.87 and traded as low as C$4.57. Computer Modelling Group shares last traded at C$4.65, with a volume of 39,707 shares.
Several brokerages have recently issued reports on CMG. Echelon Wealth Partners reaffirmed a “buy” rating and set a C$6.00 price objective on shares of Computer Modelling Group in a report on Thursday, May 19th. BMO Capital Markets increased their price target on Computer Modelling Group from C$5.50 to C$6.00 in a report on Friday, May 20th.
The company has a quick ratio of 1.98, a current ratio of 2.03 and a debt-to-equity ratio of 84.74. The business has a 50 day simple moving average of C$4.95 and a two-hundred day simple moving average of C$4.87. The firm has a market cap of C$373.56 million and a PE ratio of 20.31.
Computer Modelling Group (TSE:CMG – Get Rating) last released its earnings results on Wednesday, May 18th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The business had revenue of C$18.79 million during the quarter, compared to analyst estimates of C$16.90 million. Equities analysts forecast that Computer Modelling Group Ltd. will post 0.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Monday, June 6th. Computer Modelling Group’s payout ratio is 87.34%.
In related news, Director Kenneth Michael Dedeluk sold 200,000 shares of the firm’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of C$5.00, for a total transaction of C$1,000,000.00. Following the sale, the director now owns 670,700 shares of the company’s stock, valued at C$3,353,500.
About Computer Modelling Group (TSE:CMG)
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for 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 and 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 make informed decisions on large integrated oil and gas projects in Canada.
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