Enghouse Systems (TSE:ENGH) Trading Down 0.2% – Here’s What Happened

Enghouse Systems Limited (TSE:ENGH)’s share price fell 0.2% during trading on Friday . The company traded as low as C$20.05 and last traded at C$20.11. Approximately 61,957 shares were traded during trading, a decline of 57% from the average session volume of 142,887 shares. The stock had previously closed at C$20.15.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on Enghouse Systems from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Monday, September 8th. CIBC decreased their target price on Enghouse Systems from C$25.50 to C$25.00 and set a “negative” rating on the stock in a report on Monday, September 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of C$26.00.

Enghouse Systems Stock Performance

The company’s fifty day simple moving average is C$20.54 and its two-hundred day simple moving average is C$22.21. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 14.79, a PEG ratio of -4.19 and a beta of -0.28.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, November 14th. Enghouse Systems’s dividend payout ratio (DPR) is presently 79.41%.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.