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 the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00.

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

• On Tuesday, April 2nd, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.40, for a total transaction of C$104,000.00.
• On Friday, March 22nd, Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.50, for a total value of C$210,000.00.
• On Tuesday, March 19th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00.
• On Friday, March 15th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.00, for a total value of C$100,000.00.
• On Wednesday, January 31st, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00.

Computer Modelling Group Price Performance

Computer Modelling Group stock opened at C$10.31 on Wednesday. The business’s 50-day simple moving average is C$9.92 and its 200 day simple moving average is C$9.82. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. The stock has a market cap of C$837.48 million, a price-to-earnings ratio of 35.55, a P/E/G ratio of 1.97 and a beta of 1.15. Computer Modelling Group Ltd. has a 12-month low of C$6.21 and a 12-month high of C$10.76.

Computer Modelling Group (TSE:CMG) last released its earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The company had revenue of C$33.01 million for the quarter, compared to the consensus estimate of C$31.65 million. As a group, research analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were issued a $0.05 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.94%. Computer Modelling Group’s dividend payout ratio is presently 68.97%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMG shares. Barclays boosted their price target on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. National Bankshares set a C$12.50 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Canaccord Genuity Group increased their target price on Computer Modelling Group from C$10.50 to C$11.00 and gave the stock a “buy” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$10.83.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.