Computer Modelling Group (TSE:CMG) Sets New 12-Month Low - Here's Why

Key Points

• Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week low of C$5.90 with a trading volume of 250,734 shares.
• The company announced a quarterly dividend of $0.01 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 76.92%.
• Computer Modelling Group has a market capitalization of C$485.61 million and reported a P/E ratio of 22.62, indicating declining market performance.

Shares of Computer Modelling Group Ltd. (TSE:CMG - ) hit a new 52-week low on Tuesday . The company traded as low as C$5.90 and last traded at C$5.90, with a volume of 250734 shares traded. The stock had previously closed at C$6.15.

Computer Modelling Group Trading Down 4.4%

The stock has a market capitalization of C$485.61 million, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 1.97 and a beta of -0.19. The stock has a 50-day moving average price of C$6.35 and a two-hundred day moving average price of C$7.08. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27.

Computer Modelling Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a dividend of $0.01 per share. The ex-dividend date was Friday, September 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. Computer Modelling Group's payout ratio 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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