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 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 shares were 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 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 value 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 value of C$8,085.00.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$8.11 on Friday. Computer Modelling Group Ltd. has a 12 month low of C$7.82 and a 12 month high of C$14.73. The stock’s fifty day moving average price is C$9.92 and its 200-day moving average price is C$11.05. The firm has a market cap of C$654.35 million, a P/E ratio of 26.74, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s payout ratio is currently 65.95%.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. 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 World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets reduced their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. 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, the stock has an average 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.