Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$47,940.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) Director Kenneth Michael Dedeluk sold 6,800 shares of Computer Modelling Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$7.05, for a total transaction of C$47,940.00.

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

• On Thursday, June 5th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$7.10, for a total transaction of C$71,000.00.
• On Tuesday, June 3rd, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was 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 stock was 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 stock was sold at an average price of C$8.00, for a total transaction of C$56,800.00.

Computer Modelling Group Trading Down 1.6%

CMG traded down C$0.11 during trading on Wednesday, hitting C$6.94. 191,486 shares of the company's stock were exchanged, compared to its average volume of 190,024. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group Ltd. has a 1 year low of C$6.58 and a 1 year high of C$14.73. The stock has a 50 day moving average price of C$7.49 and a 200 day moving average price of C$8.82. The firm has a market cap of C$559.95 million, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.88%. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMG. Ventum Cap Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. CIBC reduced their price objective 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. 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. Raymond James lowered their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Ventum Financial lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.