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 the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$7.00, for a total value of C$140,000.00.

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

• On Thursday, June 12th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.00, for a total value of C$35,000.00.
• On Tuesday, June 10th, Kenneth Michael Dedeluk sold 6,800 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.05, for a total value of C$47,940.00.
• On Thursday, June 5th, Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.10, for a total value of C$71,000.00.
• On Tuesday, June 3rd, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$6.85, for a total value of C$34,250.00.
• On Wednesday, May 28th, Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock. The stock was sold at an average price of C$7.00, for a total value of C$35,000.00.
• On Monday, March 31st, Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00.

Computer Modelling Group Trading Down 1.4%

CMG stock opened at C$6.94 on Thursday. The company has a market cap of C$559.95 million, a price-to-earnings ratio of 22.88, a PEG ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The business has a fifty day simple moving average of C$7.46 and a 200-day simple moving average of C$8.58. Computer Modelling Group Ltd. has a 52 week low of C$6.58 and a 52 week high of C$14.73.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 2.88%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$13.14.

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.