Computer Modelling Group (TSE:CMG) Director Purchases C$15,205.54 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Anuroop Duggal purchased 4,382 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of C$3.47 per share, for a total transaction of C$15,205.54. Following the completion of the acquisition, the director owned 218,516 shares in the company, valued at C$758,250.52. This represents a 2.05% increase in their ownership of the stock.

Anuroop Duggal also recently made the following trade(s):

• On Tuesday, June 30th, Anuroop Duggal purchased 25,000 shares of Computer Modelling Group stock. The stock was bought at an average cost of C$3.57 per share, for a total transaction of C$89,250.00.

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$3.89 on Friday. 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 1 year low of C$3.40 and a 1 year high of C$8.23. The business has a fifty day simple moving average of C$3.80 and a 200 day simple moving average of C$4.22. The firm has a market cap of C$303.40 million, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.97 and a beta of -0.80.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The firm had revenue of C$33.67 million during the quarter. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, June 5th. Computer Modelling Group’s payout ratio is currently 38.10%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. National Bank Financial cut their price objective on shares of Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Ventum Financial boosted their target price 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. Finally, Raymond James Financial dropped 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 research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$5.75.

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.