Kenneth Michael Dedeluk Sells 7,100 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Kenneth Michael Dedeluk sold 7,100 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$8.00, for a total transaction of C$56,800.00.

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

• On Monday, March 3rd, Kenneth Michael Dedeluk sold 5,885 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.10, for a total value of C$47,668.50.
• On Thursday, February 27th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$8.25, for a total transaction of C$41,250.00.
• 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 transaction of C$42,500.00.
• On Tuesday, February 18th, Kenneth Michael Dedeluk sold 4,095 shares of Computer Modelling Group stock. The shares were 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 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.

Computer Modelling Group Stock Performance

Shares of CMG stock traded down C$0.30 on Friday, reaching C$7.54. The stock had a trading volume of 284,727 shares, compared to its average volume of 211,253. Computer Modelling Group Ltd. has a 1 year low of C$7.04 and a 1 year high of C$14.73. The stock has a market cap of C$608.36 million, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The company has a 50 day simple moving average of C$8.67 and a 200 day simple moving average of C$10.22.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's dividend payout ratio is presently 65.95%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMG. CIBC decreased their price target 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. BMO Capital Markets lowered their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 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. Ventum Financial lowered their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, Raymond James cut their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.