Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$105,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00.

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

• 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.
• On Monday, December 2nd, Kenneth Michael Dedeluk sold 700 shares of Computer Modelling Group stock. The stock was sold at an average price of C$11.55, for a total transaction of C$8,085.00.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.25 on Thursday. The company has a market capitalization of C$838.96 million, a price-to-earnings ratio of 36.61, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The stock’s fifty day simple moving average is C$10.52 and its 200-day simple moving average is C$11.89.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. On average, sell-side analysts predict that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Computer Modelling Group’s payout ratio is 71.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Finally, CIBC reduced their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$13.39.

About Computer Modelling Group

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.