Insider Selling: Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$51,750.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total value of C$51,750.00.

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

• 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 value of C$8,085.00.

Computer Modelling Group Stock Up 1.8 %

CMG opened at C$10.47 on Friday. Computer Modelling Group Ltd. has a fifty-two week low of C$8.43 and a fifty-two week high of C$14.73. The business has a 50-day moving average of C$10.62 and a 200-day moving average of C$11.93. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The company has a market capitalization of C$856.97 million, a PE ratio of 37.39, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. CIBC decreased their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets decreased their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.