Open Text (TSE:OTEX) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s stock price crossed 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 Price Performance

The stock has a market capitalization of C$11.39 billion, a P/E ratio of 23.66, a PEG ratio of 1.35 and a beta of 0.82. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87. The firm has a fifty day moving average price of C$48.36 and a two-hundred day moving average price of C$46.26.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$1.05 EPS for the quarter. The company had revenue of C$1.79 billion during the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%. As a group, analysts expect that Open Text Co. will post 4.9036649 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian Paul Sweeney sold 8,050 shares of the company’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 owned 12,500 shares of the company’s stock, valued at C$616,375. This represents a 39.17% decrease in their position. 2.11% of the stock is currently owned by corporate insiders.

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.