Computer Modelling Group (TSE:CMG) Share Price Crosses Above Two Hundred Day Moving Average of $4.89

Computer Modelling Group Ltd. (TSE:CMG – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.89 and traded as high as C$4.97. Computer Modelling Group shares last traded at C$4.91, with a volume of 33,656 shares changing hands.

CMG has been the subject of a number of analyst reports. Echelon Wealth Partners raised shares of Computer Modelling Group from a “hold” rating to a “buy” rating and set a C$6.00 target price for the company in a report on Thursday, February 10th. Canaccord Genuity Group raised shares of Computer Modelling Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 5th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$5.63.

The firm has a market capitalization of C$383.20 million and a P/E ratio of 21.68. The firm’s 50-day moving average is C$5.25 and its 200 day moving average is C$4.89. The company has a debt-to-equity ratio of 87.82, a quick ratio of 2.19 and a current ratio of 2.26.

Computer Modelling Group (TSE:CMG – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$17.05 million for the quarter, compared to the consensus estimate of C$16.10 million. As a group, research analysts expect that Computer Modelling Group Ltd. will post 0.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 4.19%. Computer Modelling Group’s dividend payout ratio is presently 90.91%.

About Computer Modelling Group (TSE:CMG)

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for 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 and 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 make informed decisions on large integrated oil and gas projects.

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