Computer Modelling Group (TSE:CMG) Stock Breaks Above 50 Day Moving Average – Time to Sell?

Computer Modelling Group Ltd. (TSE:CMG) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$4.04 and traded as high as C$4.15. Computer Modelling Group shares last traded at C$4.15, with a volume of 83,214 shares traded.

Computer Modelling Group Stock Up 3.8%

The company has a quick ratio of 2.25, a current ratio of 1.06 and a debt-to-equity ratio of 54.99. The company has a 50 day simple moving average of C$4.06 and a two-hundred day simple moving average of C$3.98. The company has a market capitalization of C$317.95 million, a P/E ratio of 22.74, a PEG ratio of 1.97 and a beta of -0.59.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Thursday, November 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$29.27 million during the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%. As a group, equities analysts predict that Computer Modelling Group Ltd. will post 0.31 EPS for the current year.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, September 4th. Computer Modelling Group’s dividend payout ratio is presently 21.05%.

Insiders Place Their Bets

In related news, Director Alexander Davern purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. Following the completion of the transaction, the director directly owned 225,000 shares in the company, valued at C$900,000. This represents a 12.50% increase in their ownership of the stock. Insiders own 1.03% of the company’s stock.

About Computer Modelling Group

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.