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 the company’s stock in a transaction on Monday, March 3rd. The shares were 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 value 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 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 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 Stock Down 2.0 %

Shares of Computer Modelling Group stock opened at C$7.92 on Thursday. Computer Modelling Group Ltd. has a 12-month low of C$7.82 and a 12-month high of C$14.73. 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 50 day moving average price of C$9.83 and a two-hundred day moving average price of C$10.97. The stock has a market capitalization of C$639.02 million, a P/E ratio of 26.12, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMG shares. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. BMO Capital Markets lowered their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Ventum Financial cut their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James reduced their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.