Insider Selling: 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 dated Monday, January 20th. The stock was sold at an average price of C$10.50, for a total transaction 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

TSE:CMG opened at C$10.25 on Friday. The firm’s fifty day moving average is C$10.52 and its 200-day moving average is C$11.89. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73. The firm has a market cap of C$838.96 million, a P/E ratio of 36.61, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. Equities analysts expect that Computer Modelling Group Ltd. will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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