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

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00.

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

• 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

TSE:CMG opened at C$10.28 on Friday. The stock’s 50-day moving average is C$10.66 and its 200-day moving average is C$11.95. The stock has a market cap of C$841.42 million, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CMG shares. CIBC reduced their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. BMO Capital Markets dropped their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$13.39.

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.