Computer Modelling Group Ltd. (TSE:CMG) Director Sells C$210,000.00 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 20,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$10.50, for a total value of C$210,000.00.

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

• On Tuesday, March 19th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00.
• On Friday, March 15th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.00, for a total value of C$100,000.00.
• On Wednesday, January 31st, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00.

Computer Modelling Group Price Performance

TSE:CMG opened at C$10.23 on Thursday. Computer Modelling Group Ltd. has a 1-year low of C$6.21 and a 1-year high of C$10.76. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The company has a 50 day moving average price of C$9.92 and a 200-day moving average price of C$9.66. The firm has a market cap of C$830.98 million, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The business had revenue of C$33.01 million for the quarter, compared to analyst estimates of C$31.65 million. Equities research analysts forecast that Computer Modelling Group Ltd. will post 0.3498632 EPS for the current year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, March 6th. Computer Modelling Group’s payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. National Bankshares set a C$12.50 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Canaccord Genuity Group raised their target price on Computer Modelling Group from C$10.50 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.83.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.