Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk Sells 10,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction on Thursday, June 5th. The shares were sold at an average price of C$7.10, for a total transaction of C$71,000.00.

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

• On Tuesday, June 3rd, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$6.85, for a total transaction of C$34,250.00.
• On Wednesday, May 28th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$7.00, for a total transaction of C$35,000.00.
• On Monday, March 31st, Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.00, for a total transaction of C$56,800.00.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$6.98 on Friday. The stock has a market cap of C$563.18 million, a price-to-earnings ratio of 23.02, a PEG ratio of 1.97 and a beta of 1.21. The firm’s 50-day moving average is C$7.54 and its 200 day moving average is C$8.89. Computer Modelling Group Ltd. has a 1 year low of C$6.58 and a 1 year high of C$14.73. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, June 5th. Computer Modelling Group’s payout ratio is 65.95%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Ventum Financial dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Raymond James dropped their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. CIBC dropped their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Ventum Cap Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Computer Modelling Group currently has an average rating of “Hold” and a consensus price target of C$13.14.

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.