Computer Modelling Group Ltd. (TSE:CMG) Announces Quarterly Dividend of $0.05

Computer Modelling Group Ltd. (TSE:CMG) announced a quarterly dividend on Monday, November 13th, Zacks reports. Investors of record on Thursday, December 7th will be given a dividend of 0.05 per share on Friday, December 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 6th.

Computer Modelling Group Price Performance

Shares of TSE CMG traded up C$0.19 during trading hours on Wednesday, hitting C$10.44. 13,399 shares of the stock were exchanged, compared to its average volume of 83,145. The company has a debt-to-equity ratio of 66.86, a quick ratio of 2.25 and a current ratio of 2.39. The company has a market cap of C$843.66 million, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The company’s fifty day simple moving average is C$9.12 and its two-hundred day simple moving average is C$7.90. Computer Modelling Group has a 1-year low of C$4.94 and a 1-year high of C$10.50.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Industrial Alliance Securities set a C$9.50 price target on shares of Computer Modelling Group and gave the stock a “buy” rating in a research report on Thursday, August 31st. BMO Capital Markets increased their price objective on shares of Computer Modelling Group from C$10.00 to C$11.50 and gave the company a “market perform” rating in a research note on Tuesday. Canaccord Genuity Group increased their price objective on shares of Computer Modelling Group from C$10.00 to C$10.50 and gave the company a “hold” rating in a research note on Tuesday. Barclays increased their price objective on shares of Computer Modelling Group from C$6.00 to C$7.00 in a research note on Tuesday, August 15th. Finally, Acumen Capital increased their price objective on shares of Computer Modelling Group from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Tuesday, September 26th.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced 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 reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.