Enghouse Systems (TSE:ENGH) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Enghouse Systems Limited (TSE:ENGH) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$16.81 and traded as low as C$16.64. Enghouse Systems shares last traded at C$16.93, with a volume of 138,106 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ENGH shares. TD Securities cut their price target on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. Royal Bank Of Canada cut their price target on shares of Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a report on Monday, March 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Enghouse Systems presently has an average rating of “Reduce” and a consensus price target of C$20.50.

Enghouse Systems Price Performance

The stock’s fifty day moving average price is C$16.81 and its 200-day moving average price is C$18.49. The firm has a market cap of C$922.67 million, a price-to-earnings ratio of 13.44, a P/E/G ratio of -4.19 and a beta of -0.06. The company has a current ratio of 1.68, a quick ratio of 1.84 and a debt-to-equity ratio of 1.75.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$120.10 million during the quarter. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. As a group, equities research analysts forecast that Enghouse Systems Limited will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.3%. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s payout ratio is 92.06%.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.