Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$41,250.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$8.25, for a total value of C$41,250.00.

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

• On Thursday, February 20th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.50, for a total transaction of C$42,500.00.
• On Tuesday, February 18th, Kenneth Michael Dedeluk sold 4,095 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.75, for a total value 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 transaction of C$105,000.00.
• On Thursday, January 16th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were 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 transaction of C$8,085.00.

Computer Modelling Group Stock Performance

CMG stock traded down C$0.22 during trading hours on Thursday, reaching C$7.87. The stock had a trading volume of 163,215 shares, compared to its average volume of 216,446. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The stock has a 50-day simple moving average of C$10.03 and a 200 day simple moving average of C$11.13. Computer Modelling Group Ltd. has a fifty-two week low of C$7.82 and a fifty-two week high of C$14.73. The stock has a market capitalization of C$634.99 million, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 2.54%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Raymond James cut their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Ventum Financial reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group has a consensus rating of “Moderate Buy” and an average price target of C$13.13.

Computer Modelling Group Company Profile

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.