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Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells 5,000 Shares of Stock

Computer Modelling Group logo with Computer and Technology background
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Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Kenneth Michael Dedeluk sold 5,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was 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 stock was 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 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 transaction of C$8,085.00.

Computer Modelling Group Stock Performance

Shares of CMG stock traded down C$0.07 during trading on Monday, reaching C$8.04. 173,770 shares of the company's stock were exchanged, compared to its average volume of 218,260. Computer Modelling Group Ltd. has a twelve month low of C$7.82 and a twelve month high of C$14.73. The firm's fifty day moving average price is C$9.92 and its 200-day moving average price is C$11.05. 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 market capitalization of C$648.70 million, a PE ratio of 26.51, a PEG ratio of 1.97 and a beta of 1.21.

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Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group's dividend payout ratio is presently 65.95%.

Analyst Upgrades and Downgrades

CMG has been the subject of several recent research reports. CIBC reduced their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Raymond James decreased their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Ventum Financial lowered their target price on 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. BMO Capital Markets reduced their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group lowered Computer Modelling Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$13.13.

Get Our Latest Stock Report on CMG

Computer Modelling Group Company Profile

(Get Free Report)

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.

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