Computer Modelling Group Ltd. (TSE:CMG) Director Acquires C$17,360.00 in Stock – MarketBeat

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Computer Modelling Group Ltd. (TSE:CMGGet Rating) Director Peter Harry Kinash purchased 4,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were bought at an average cost of C$4.34 per share, for a total transaction of C$17,360.00. Following the completion of the purchase, the director now directly owns 60,000 shares of the company’s stock, valued at C$260,400.
CMG traded down C$0.07 during mid-day trading on Monday, hitting C$4.38. The stock had a trading volume of 66,658 shares, compared to its average volume of 92,669. The stock’s fifty day simple moving average is C$4.83 and its 200-day simple moving average is C$4.92. The company has a debt-to-equity ratio of 84.74, a current ratio of 2.03 and a quick ratio of 1.98. The firm has a market capitalization of C$351.87 million and a price-to-earnings ratio of 19.35. Computer Modelling Group Ltd. has a 1-year low of C$3.83 and a 1-year high of C$5.72.
Computer Modelling Group (TSE:CMGGet Rating) last posted its earnings results on Wednesday, May 18th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The business had revenue of C$18.79 million for the quarter, compared to the consensus estimate of C$16.90 million. As a group, research analysts expect that Computer Modelling Group Ltd. will post 0.22 earnings per share for the current fiscal year.
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The business also recently disclosed 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 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Monday, June 6th. Computer Modelling Group’s dividend payout ratio is 86.96%.
Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Computer Modelling Group from C$5.50 to C$6.00 in a report on Friday, May 20th. Echelon Wealth Partners restated a “buy” rating and issued a C$6.00 price objective on shares of Computer Modelling Group in a report on Thursday, May 19th.
Computer Modelling Group Company Profile (Get Rating)
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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