Open Text (TSE:OTEX) Reaches New 12-Month Low – Here’s What Happened

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) reached a new 52-week low on Monday . The stock traded as low as C$30.56 and last traded at C$30.67, with a volume of 363812 shares changing hands. The stock had previously closed at C$31.52.

Wall Street Analyst Weigh In

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

Open Text Price Performance

The company has a 50 day moving average of C$36.67 and a 200 day moving average of C$44.89. 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 capitalization of C$7.64 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.35 and a beta of 0.81.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last posted its quarterly 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 for the quarter. Open Text had a return on equity of 10.83% and a net margin of 8.42%. As a group, equities research analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current year.

About Open Text

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.