Computer Modelling Group Ltd. (TSE:CMG) Plans Quarterly Dividend of $0.01

Computer Modelling Group Ltd. (TSE:CMG) declared a quarterly dividend on Friday, June 5th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be paid a dividend of 0.01 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 5th.

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$3.92 on Wednesday. Computer Modelling Group has a fifty-two week low of C$3.55 and a fifty-two week high of C$8.23. The business has a 50-day simple moving average of C$3.98 and a two-hundred day simple moving average of C$4.48. The company has a debt-to-equity ratio of 55.24, a quick ratio of 2.25 and a current ratio of 1.00. The firm has a market cap of C$305.74 million, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 20.50% and a net margin of 13.80%.The business had revenue of C$33.67 million during the quarter. On average, analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the subject of a number of recent analyst reports. National Bank Financial decreased their target price on Computer Modelling Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Ventum Financial boosted 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 report on Thursday, March 26th. Finally, Raymond James Financial decreased their target price 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.