Computer Modelling Group (TSE:CMG) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.47 and traded as low as C$7.03. Computer Modelling Group shares last traded at C$7.21, with a volume of 653,220 shares trading hands.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$13.14.

Computer Modelling Group Stock Up 1.5%

The firm has a market cap of C$581.74 million, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a 50-day simple moving average of C$7.43 and a 200-day simple moving average of C$8.47. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, June 5th. Computer Modelling Group's payout ratio is presently 65.95%.

Insider Buying and Selling

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 20,000 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$7.00, for a total value of C$140,000.00. Also, Senior Officer Pramod Jain bought 6,100 shares of Computer Modelling Group stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average cost of C$4.99 per share, for a total transaction of C$30,455.47. In the last 90 days, insiders have purchased 21,346 shares of company stock valued at $136,969 and have sold 51,800 shares valued at $363,190. 1.03% of the stock is currently owned by insiders.

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.

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