Computer Modelling Group (TSE:CMG) Stock Price Crosses Above 200-Day Moving Average of $4.92

Computer Modelling Group Ltd. (TSE:CMG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.92 and traded as high as $5.30. Computer Modelling Group shares last traded at $5.30, with a volume of 65,423 shares trading hands.

Separately, Canaccord Genuity raised shares of Computer Modelling Group from a “hold” rating to a “buy” rating and cut their price objective for the company from C$8.50 to C$6.00 in a report on Thursday, May 28th.

The stock has a 50-day moving average price of C$5.22 and a 200 day moving average price of C$4.92. The firm has a market capitalization of $425.32 million and a PE ratio of 19.63. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 111.32.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.01). The business had revenue of C$16.67 million for the quarter, compared to the consensus estimate of C$16.14 million. As a group, equities analysts predict that Computer Modelling Group Ltd. will post 0.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.77%. Computer Modelling Group’s payout ratio is currently 129.63%.

In other news, Senior Officer Long X. Nghiem sold 7,500 shares of Computer Modelling Group stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of C$5.51, for a total value of C$41,287.50. Following the sale, the insider now directly owns 720,602 shares of the company’s stock, valued at C$3,966,914.01.

Computer Modelling Group Company Profile (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 collaborate on the same asset.

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