Kenneth Michael Dedeluk Sells 5,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of C$8.50, for a total transaction of C$42,500.00.

Kenneth Michael Dedeluk also recently made the following trade(s):

• On Tuesday, February 18th, Kenneth Michael Dedeluk sold 4,095 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.75, for a total transaction of C$35,831.25.
• On Monday, January 20th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00.
• On Thursday, January 16th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00.
• On Monday, December 2nd, Kenneth Michael Dedeluk sold 700 shares of Computer Modelling Group stock. The shares were sold at an average price of C$11.55, for a total value of C$8,085.00.

Computer Modelling Group Stock Performance

CMG stock opened at C$8.37 on Friday. The firm has a 50-day simple moving average of C$10.19 and a two-hundred day simple moving average of C$11.25. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group Ltd. has a one year low of C$8.25 and a one year high of C$14.73. The firm has a market cap of C$675.33 million, a price-to-earnings ratio of 27.60, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.39%. Computer Modelling Group’s payout ratio is 65.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC dropped their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Raymond James reduced their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Ventum Financial lowered their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, BMO Capital Markets cut their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average price target of C$13.13.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.