Key Points
- Director Alexander Davern purchased 25,000 shares of Computer Modelling Group at C$4.00 each, investing C$100,000 and increasing his direct ownership by 12.5% to 225,000 shares.
- CMG shares opened at C$4.11 and were up 1.7%, with a market capitalization of approximately C$320.6 million and a 52-week range of C$3.40 to C$6.38.
- The company reported quarterly revenue of C$27.85 million and EPS of C$0.02, while maintaining a C$0.01 quarterly dividend, equivalent to a 1.0% yield.
Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Alexander Davern bought 25,000 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. Following the completion of the transaction, the director directly owned 225,000 shares of the company's stock, valued at C$900,000. This trade represents a 12.50% increase in their ownership of the stock.
Computer Modelling Group Trading Up 1.7%
TSE:CMG opened at C$4.11 on Thursday. The stock has a fifty day simple moving average of C$3.89 and a 200 day simple moving average of C$3.88. The firm has a market capitalization of C$320.56 million, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.97 and a beta of -0.61. Computer Modelling Group Ltd. has a 1-year low of C$3.40 and a 1-year high of C$6.38. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 18.44% and a net margin of 12.41%.The firm had revenue of C$27.85 million for the quarter. Sell-side analysts forecast that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.
Computer Modelling Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 4th. Computer Modelling Group's dividend payout ratio (DPR) is 21.05%.
About Computer Modelling Group
(
Get Free Report)
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.
Further Reading
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