Kristina Mysev Acquires 3,308 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) insider Kristina Mysev bought 3,308 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$3.47 per share, with a total value of C$11,478.76. Following the completion of the purchase, the insider directly owned 24,032 shares in the company, valued at C$83,391.04. This represents a 15.96% increase in their ownership of the stock.

Computer Modelling Group Stock Up 2.2%

TSE:CMG opened at C$3.78 on Thursday. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24. Computer Modelling Group Ltd. has a twelve month low of C$3.40 and a twelve month high of C$8.23. The company has a market cap of C$294.82 million, a PE ratio of 18.00, a P/E/G ratio of 1.97 and a beta of -0.80. The company’s 50 day moving average is C$3.80 and its two-hundred day moving average is C$4.23.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. The business had revenue of C$33.67 million during the quarter. Analysts anticipate that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Computer Modelling Group’s dividend payout ratio is presently 38.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMG. National Bank Financial reduced their price objective on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Raymond James Financial cut their price target on shares of 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. Finally, Ventum Financial raised their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Computer Modelling Group presently has a consensus 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.