Computer Modelling Group (TSE:CMG) Share Price Passes Above 200-Day Moving Average of $5.50

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Computer Modelling Group Ltd. (TSE:CMG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.50 and traded as high as C$5.85. Computer Modelling Group shares last traded at C$5.83, with a volume of 12,352 shares traded.

A number of brokerages recently issued reports on CMG. Royal Bank of Canada upped their price target on shares of Computer Modelling Group from C$5.00 to C$6.00 and gave the stock a “sector perform” rating in a research note on Monday, February 8th. BMO Capital Markets lifted their target price on shares of Computer Modelling Group from C$6.00 to C$7.50 in a report on Tuesday, February 9th. Scotiabank upped their target price on shares of Computer Modelling Group from C$5.00 to C$6.50 in a research note on Wednesday, February 10th. Finally, Canaccord Genuity raised their price target on shares of Computer Modelling Group from C$5.00 to C$6.00 in a research report on Tuesday, February 9th.

The company has a debt-to-equity ratio of 96.45, a current ratio of 2.45 and a quick ratio of 2.41. The company has a market capitalization of C$475.29 million and a PE ratio of 20.70. The firm has a 50-day moving average of C$5.96 and a 200 day moving average of C$5.51.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Thursday, March 4th. Computer Modelling Group’s dividend payout ratio (DPR) is 87.41%.

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of C$6.50, for a total transaction of C$65,000.00. Following the sale, the director now owns 883,300 shares of the company’s stock, valued at approximately C$5,741,450. Insiders have sold a total of 24,400 shares of company stock worth $158,600 in the last 90 days.

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 make informed decisions on large integrated oil and gas projects.

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