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 business’s stock in a transaction dated Thursday, February 27th. The stock was 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 value of C$42,500.00.
• 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 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 Trading Down 2.7 %

Shares of Computer Modelling Group stock traded down C$0.22 on Thursday, hitting 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 quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a one year low of C$7.82 and a one year high of C$14.73. The stock has a market cap of C$634.99 million, a price-to-earnings ratio of 25.95, a PEG ratio of 1.97 and a beta of 1.21. The stock’s 50-day simple moving average is C$10.03 and its two-hundred day simple moving average is C$11.13.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s payout ratio is 65.95%.

Analysts Set New Price Targets

A number of brokerages recently commented on CMG. CIBC decreased their price target on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Raymond James lowered their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Ventum Financial decreased their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets dropped 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.