Anuroop Duggal Acquires 25,000 Shares of Computer Modelling Group (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Anuroop Duggal bought 25,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of C$3.57 per share, with a total value of C$89,250.00. Following the purchase, the director owned 214,134 shares in the company, valued at C$764,458.38. This trade represents a 13.22% increase in their ownership of the stock.

Computer Modelling Group Price Performance

CMG opened at C$3.58 on Thursday. The stock has a fifty day simple moving average of C$3.83 and a two-hundred day simple moving average of C$4.28. The company has a current ratio of 1.00, a quick ratio of 2.25 and a debt-to-equity ratio of 55.24. The company has a market cap of C$279.22 million, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.97 and a beta of -0.82. Computer Modelling Group Ltd. has a 12-month low of C$3.40 and a 12-month high of C$8.23.

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

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 38.10%.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Raymond James Financial reduced their price objective on Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Ventum Financial increased their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, National Bank Financial reduced their price target on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.