Computer Modelling Group Ltd. (CMG.TO) (TSE:CMG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.16 and traded as high as $6.23. Computer Modelling Group Ltd. (CMG.TO) shares last traded at $6.17, with a volume of 49,348 shares.

Separately, Canaccord Genuity cut Computer Modelling Group Ltd. (CMG.TO) from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$6.00 to C$5.00 in a research report on Monday, November 16th.

The company has a 50-day moving average of C$5.25 and a 200 day moving average of C$5.18. The company has a quick ratio of 2.13, a current ratio of 2.17 and a debt-to-equity ratio of 102.05. The firm has a market capitalization of C$502.59 million and a PE ratio of 23.19.

Computer Modelling Group Ltd. (CMG.TO) (TSE:CMG) last posted its quarterly earnings data on Thursday, November 12th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.03. The firm had revenue of C$17.85 million during the quarter, compared to analysts’ expectations of C$16.30 million. As a group, equities analysts anticipate that Computer Modelling Group Ltd. will post 0.25 EPS for the current fiscal year.

In other news, Director Kenneth Michael Dedeluk sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of C$5.50, for a total value of C$46,750.00. Following the completion of the sale, the director now owns 932,900 shares of the company’s stock, valued at approximately C$5,130,950. Also, Senior Officer Long X. Nghiem sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of C$4.96, for a total value of C$49,590.00. Following the completion of the sale, the insider now directly owns 710,560 shares of the company’s stock, valued at approximately C$3,523,667.04. Insiders sold a total of 41,000 shares of company stock valued at $221,590 over the last quarter.

Computer Modelling Group Ltd. (CMG.TO) Company Profile (TSE:CMG)

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its 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/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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