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

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 that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$6.85, for a total value of C$34,250.00.

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

• On Wednesday, May 28th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The shares were 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 Price Performance

CMG stock traded up C$0.08 during trading hours on Thursday, hitting C$7.07. 80,637 shares of the stock traded hands, compared to its average volume of 190,369. The stock has a 50-day simple moving average of C$7.58 and a 200 day simple moving average of C$8.93. Computer Modelling Group Ltd. has a one year low of C$6.58 and a one year high of C$14.73. The company has a market cap of C$570.44 million, a P/E ratio of 23.31, a P/E/G ratio of 1.97 and a beta of 1.21. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, June 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, June 5th. Computer Modelling Group's payout ratio is 65.95%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. CIBC decreased 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 research report on Wednesday, February 12th. Ventum Financial reduced 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 report on Wednesday, February 12th. Cibc World Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Cap Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Raymond James cut 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 note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Computer Modelling Group currently 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.