Insider Buying: Computer Modelling Group (TSE:CMG) Director Buys C$89,250.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Anuroop Duggal acquired 25,000 shares of Computer Modelling Group stock in a transaction that occurred 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 purchase, the director directly owned 214,134 shares of the company’s stock, valued at C$764,458.38. This represents a 13.22% increase in their ownership of the stock.

Computer Modelling Group Stock Performance

Computer Modelling Group stock opened at C$3.65 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The stock has a market cap of C$284.68 million, a PE ratio of 17.38, a P/E/G 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. The business’s 50-day moving average price is C$3.82 and its two-hundred day moving average price is C$4.27.

Computer Modelling Group (TSE:CMG) last posted 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 during the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. As a group, analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Ventum Financial increased their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. National Bank Financial lowered 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 report on Wednesday, May 27th. Finally, Raymond James Financial dropped 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.