Kenneth Michael Dedeluk Sells 5,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Kenneth Michael Dedeluk sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$7.00, for a total transaction of C$35,000.00.

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

• On Monday, March 31st, Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00.
• 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.

Computer Modelling Group Stock Performance

TSE CMG traded up C$0.11 on Friday, hitting C$6.75. 162,369 shares of the stock were exchanged, compared to its average volume of 190,192. The company has a market capitalization of C$544.62 million, a PE ratio of 22.26, a P/E/G ratio of 1.97 and a beta of 1.21. 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 business's fifty day moving average is C$7.65 and its 200 day moving average is C$9.00. Computer Modelling Group Ltd. has a 52 week low of C$6.58 and a 52 week high of C$14.73.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, June 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.96%. Computer Modelling Group's payout ratio is 65.95%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMG. Raymond James reduced their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. 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. Cibc World Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Ventum Financial cut their price target on shares of 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. Finally, Ventum Cap Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$13.14.

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.