Enghouse Systems (TSE:ENGH) Reaches 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)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$22.65 and last traded at C$22.77, with a volume of 72757 shares trading hands. The stock had previously closed at C$22.95.

Wall Street Analyst Weigh In

ENGH has been the topic of a number of recent research reports. CIBC decreased 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 note on Monday, June 9th. Royal Bank Of Canada decreased their price target 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 note on Monday, June 9th.

Enghouse Systems Trading Up 0.1%

The firm has a market cap of C$1.27 billion, a PE ratio of 15.62, a P/E/G ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The company's 50 day moving average price is C$23.78 and its two-hundred day moving average price is C$25.28.

Enghouse Systems Dividend Announcement

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

About Enghouse Systems

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.