Computer Modelling Group Ltd. (CMG) to Distribute Quarterly Dividend of $0.01 on September 15th

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.01 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, September 4th.

Computer Modelling Group Price Performance

TSE CMG opened at C$3.89 on Wednesday. The company has a 50 day simple moving average of C$3.80 and a 200-day simple moving average of C$3.90. The firm has a market capitalization of C$303.40 million, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.97 and a beta of -0.81. Computer Modelling Group has a 52-week low of C$3.40 and a 52-week high of C$6.85. The company has a debt-to-equity ratio of 54.99, a current ratio of 1.06 and a quick ratio of 2.25.

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

Analysts Set New Price Targets

CMG has been the subject of a number of recent research reports. Raymond James Financial decreased their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. National Bank Financial decreased their price target 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.