Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$35,831.25 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 4,095 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$8.75, for a total value of C$35,831.25.

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

• On Monday, January 20th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was 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 Stock Up 1.4 %

Shares of Computer Modelling Group stock opened at C$8.54 on Thursday. Computer Modelling Group Ltd. has a 1-year low of C$8.25 and a 1-year high of C$14.73. The business’s fifty day moving average price is C$10.28 and its two-hundred day moving average price is C$11.33. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The company has a market capitalization of C$689.05 million, a P/E ratio of 28.16, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s payout ratio is 65.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on CMG shares. 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. Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Raymond James reduced their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, CIBC decreased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Computer Modelling Group currently has a consensus rating of “Hold” and an average price target of C$12.67.

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.