Kenneth Michael Dedeluk Sells 5,885 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,885 shares of Computer Modelling Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50.

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

• On Thursday, February 27th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.25, for a total transaction of C$41,250.00.
• On Thursday, February 20th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were 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 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 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 transaction of C$51,750.00.

Computer Modelling Group Price Performance

Shares of CMG stock opened at C$8.08 on Wednesday. The business’s fifty day moving average is C$9.87 and its 200 day moving average is C$11.01. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The stock has a market cap of C$651.93 million, a price-to-earnings ratio of 26.64, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a twelve month low of C$7.82 and a twelve month high of C$14.73.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BMO Capital Markets reduced their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Raymond James reduced their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. CIBC dropped 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 note on Wednesday, February 12th. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.