Enghouse Systems (TSE:ENGH) Hits New 1-Year Low - What's Next?

Key Points

• Enghouse Systems shares hit a new 52-week low of C$22.65 amid a trading volume of 72,757 shares, marking a decline from the previous closing price of C$22.95.
• Analysts from Royal Bank of Canada and CIBC cut their target prices for the stock, now ranging from C$25.50 to C$26.00, indicating a "neutral" to "sector perform" outlook.
• The company announced a quarterly dividend of $0.30 to be paid on August 29th, representing a 5.3% dividend yield and a payout ratio of 71.32%.

Enghouse Systems Limited (TSE:ENGH - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as C$22.65 and last traded at C$22.77, with a volume of 72757 shares changing hands. The stock had previously closed at C$22.95.

Analysts Set New Price Targets

Several research firms recently commented on ENGH. Royal Bank Of Canada cut their target price on shares of Enghouse Systems from C$30.00 to C$26.00 and set a "sector perform" rating on the stock in a research report on Monday, June 9th. CIBC dropped their price target on shares of Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating on the stock in a research report on Monday, June 9th.

Enghouse Systems Stock Performance

The stock has a market capitalization of C$1.26 billion, a PE ratio of 15.60, a P/E/G ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The business's fifty day moving average price is C$23.93 and its 200-day moving average price is C$25.35.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, August 15th. Enghouse Systems's dividend payout ratio is presently 71.32%.

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.

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