Open Text (TSE:OTEX) Stock Passes Below 50-Day Moving Average – Time to Sell?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$37.41 and traded as low as C$33.41. Open Text shares last traded at C$33.71, with a volume of 1,365,690 shares.

Analyst Ratings Changes

Separately, TD Securities dropped their price target on Open Text from C$40.00 to C$28.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Open Text presently has an average rating of “Hold” and a consensus target price of C$28.00.

Open Text Stock Performance

The company has a debt-to-equity ratio of 163.06, a quick ratio of 1.34 and a current ratio of 0.94. The stock has a market cap of C$7.93 billion, a PE ratio of 18.61, a PEG ratio of 1.35 and a beta of 0.81. The company’s 50-day moving average price is C$36.91 and its two-hundred day moving average price is C$44.99.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last announced its earnings results on Thursday, February 5th. The company reported C$1.55 earnings per share (EPS) for the quarter. The company had revenue of C$1.82 billion during the quarter. Open Text had a net margin of 8.42% and a return on equity of 10.83%. On average, equities research analysts forecast that Open Text Co. will post 4.9036649 EPS for the current year.

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.