Kenneth Michael Dedeluk Sells 10,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00.

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

• On Tuesday, April 2nd, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.40, for a total transaction of C$104,000.00.
• On Friday, March 22nd, Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.50, for a total transaction of C$210,000.00.
• On Tuesday, March 19th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$10.25, for a total transaction 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 transaction 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

Shares of TSE:CMG opened at C$10.39 on Thursday. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. Computer Modelling Group Ltd. has a fifty-two week low of C$6.21 and a fifty-two week high of C$10.76. The firm has a 50-day simple moving average of C$9.94 and a 200 day simple moving average of C$9.82. The company has a market cap of C$843.98 million, a PE ratio of 35.83, a P/E/G ratio of 1.97 and a beta of 1.15.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$31.65 million. On average, sell-side analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMG. Canaccord Genuity Group upped their target price on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a research note on Friday, February 9th. National Bankshares set a C$12.50 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays upped their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus target price of C$10.83.

About Computer Modelling Group

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.