Computer Modelling Group (TSE:CMG) Hits New 12-Month Low - Time to Sell?

Key Points

• Computer Modelling Group Ltd. has hit a new 12-month low, with shares trading as low as C$5.52, raising concerns about its investment viability.
• The company recently cut its quarterly dividend to $0.01, resulting in a dividend yield of only 0.7% and a payout ratio of 76.92%.
• With a market cap of C$461.66 million and negative beta of -0.19, the company shows signs of instability following poor stock performance.

Computer Modelling Group Ltd. (TSE:CMG - )'s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$5.52 and last traded at C$5.53, with a volume of 127373 shares trading hands. The stock had previously closed at C$5.57.

Computer Modelling Group Stock Up 0.4%

The firm has a 50-day moving average price of C$6.23 and a 200 day moving average price of C$7.02. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The company has a market cap of C$461.66 million, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.97 and a beta of -0.19.

Computer Modelling Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 5th. Computer Modelling Group's dividend payout ratio (DPR) is currently 76.92%.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.

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