Computer Modelling Group (TSE:CMG) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Computer Modelling Group Ltd. (TSE:CMG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.92 and traded as high as C$4.05. Computer Modelling Group shares last traded at C$4.00, with a volume of 45,228 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CMG shares. 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. 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 note 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.75.

Computer Modelling Group Stock Performance

The company has a market capitalization of C$311.98 million, a PE ratio of 21.05, a PEG ratio of 1.97 and a beta of -0.81. The firm has a 50-day moving average of C$3.79 and a two-hundred day moving average of C$3.92. The company has a quick ratio of 2.25, a current ratio of 1.06 and a debt-to-equity ratio of 54.99.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share for the quarter. Computer Modelling Group had a net margin of 12.41% and a return on equity of 18.44%. The firm had revenue of C$27.85 million during the quarter. Research analysts anticipate that Computer Modelling Group Ltd. will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.01 dividend. 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 21.05%.

Insider Buying and Selling

In other Computer Modelling Group news, Director Alexander Davern acquired 40,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of C$3.88 per share, with a total value of C$155,200.00. Following the completion of the acquisition, the director owned 175,000 shares in the company, valued at approximately C$679,000. This trade represents a 29.63% increase in their ownership of the stock. Also, Director Anuroop Duggal acquired 25,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of C$3.57 per share, for a total transaction of C$89,250.00. Following the completion of the acquisition, the director owned 214,134 shares of the company’s stock, valued at C$764,458.38. This trade represents a 13.22% increase in their position. In the last 90 days, insiders acquired 138,367 shares of company stock valued at $513,818. 1.03% of the stock is owned by company insiders.

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.