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 stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total transaction 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 transaction of C$8,085.00.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$10.28 on Friday. The business has a 50-day simple moving average of C$10.66 and a 200 day simple moving average of C$11.95. The firm has a market capitalization of C$841.42 million, a price-to-earnings ratio of 36.71, a PEG ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a one year low of C$8.43 and a one year high of C$14.73.

Computer Modelling Group Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on CMG. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, CIBC lowered their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Computer Modelling Group has a consensus rating of “Moderate Buy” and a consensus target price 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.