Open Text (TSE:OTEX) Shares Pass Below 50 Day Moving Average – Here’s What Happened
by Tristan Rich · The Markets DailyOpen Text Co. (TSE:OTEX – Get Free Report) (NASDAQ:OTEX)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$48.36 and traded as low as C$45.19. Open Text shares last traded at C$45.19, with a volume of 551,234 shares traded.
Open Text Stock Down 1.1%
The company has a debt-to-equity ratio of 157.46, a current ratio of 0.87 and a quick ratio of 1.34. The stock has a 50 day simple moving average of C$48.16 and a 200-day simple moving average of C$46.25. The firm has a market cap of C$11.58 billion, a PE ratio of 23.40, a PEG ratio of 1.35 and a beta of 0.82.
Open Text (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) last released its earnings results on Wednesday, November 5th. The company reported C$1.05 EPS for the quarter. The firm had revenue of C$1.79 billion for the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%. Sell-side analysts predict that Open Text Co. will post 4.9036649 EPS for the current fiscal year.
Insiders Place Their Bets
In other Open Text news, insider Brian Paul Sweeney sold 8,050 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of C$49.31, for a total transaction of C$396,945.50. Following the completion of the sale, the insider directly owned 12,500 shares in the company, valued at approximately C$616,375. This trade represents a 39.17% decrease in their position. Corporate insiders own 2.11% of the company’s stock.
Open Text Company Profile
OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.