Computer Modelling Group (TSE:CMG) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Computer Modelling Group Ltd. shares have recently crossed below the 200-day moving average, indicating potential weakness in stock performance with a current trading price of C$6.27.
• The company has announced a cut in its quarterly dividend, now paying $0.01 per share, reflecting a 0.6% annualized yield.
• Computer Modelling Group has a market capitalization of C$517.82 million and a debt-to-equity ratio of 47.62, showcasing its financial position in the oil and gas software market.

Computer Modelling Group Ltd. (TSE:CMG - ) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.15 and traded as low as C$6.18. Computer Modelling Group shares last traded at C$6.27, with a volume of 168,422 shares.

Computer Modelling Group Stock Performance

The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The firm has a 50 day moving average price of C$6.50 and a two-hundred day moving average price of C$7.15. The company has a market capitalization of C$517.82 million, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.97 and a beta of -0.19.

Computer Modelling Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, September 5th. Computer Modelling Group's dividend 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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