Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk Sells 20,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of C$10.60, for a total transaction of C$212,000.00.

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

• On Thursday, April 18th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00.
• On Tuesday, April 16th, 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.
• On Tuesday, April 2nd, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The shares were 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 stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00.

Computer Modelling Group Stock Up 1.7 %

Shares of Computer Modelling Group stock opened at C$10.60 on Thursday. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. The stock has a market capitalization of C$861.04 million, a PE ratio of 36.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. Computer Modelling Group Ltd. has a 52-week low of C$6.21 and a 52-week high of C$10.76. The company has a 50-day simple moving average of C$10.07 and a two-hundred day simple moving average of C$9.88.

Computer Modelling Group (TSE:CMG) last issued 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 during the quarter, compared to analysts’ expectations of C$31.65 million. On average, analysts anticipate that Computer Modelling Group Ltd. will post 0.3501041 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. Computer Modelling Group’s payout ratio is 68.97%.

Analysts Set New Price Targets

CMG has been the topic of several research reports. National Bankshares set a C$12.50 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Barclays boosted their price objective on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.