Open Text (TSE:OTEX) Hits New 12-Month Low – Time to Sell?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$30.03 and last traded at C$30.54, with a volume of 300485 shares. The stock had previously closed at C$31.63.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their price objective on Open Text from C$40.00 to C$28.00 and set a “hold” rating for the company in a research note on Monday, February 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Open Text presently has a consensus 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 current ratio of 0.94 and a quick ratio of 1.34. The stock has a fifty day moving average price of C$35.00 and a two-hundred day moving average price of C$44.29. The company has a market cap of C$7.59 billion, a P/E ratio of 17.82, a PEG ratio of 1.35 and a beta of 0.81.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last posted its earnings results on Thursday, February 5th. The company reported C$1.55 EPS for the quarter. The firm 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%. On average, equities analysts forecast that Open Text Co. will post 4.9036649 earnings per share for the current fiscal 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.