Enghouse Systems (TSE:ENGH) Hits New 52-Week Low - Time to Sell?

Key Points

• Enghouse Systems shares reached a new 52-week low of C$22.47, reflecting a decline in market confidence, with the stock last trading at C$22.57.
• CIBC and Royal Bank of Canada have both lowered their price targets for Enghouse Systems, indicating a cautious outlook, with ratings of "neutral" and "sector perform" respectively.
• The company announced a quarterly dividend of $0.30 per share, representing an annual yield of 5.4% for shareholders of record as of August 29th.

Shares of Enghouse Systems Limited (TSE:ENGH - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as C$22.47 and last traded at C$22.57, with a volume of 27067 shares. The stock had previously closed at C$22.71.

Wall Street Analysts Forecast Growth

ENGH has been the topic of a number of recent research reports. CIBC lowered their price objective on shares of Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating on the stock in a report on Monday, June 9th. Royal Bank Of Canada cut their price objective on Enghouse Systems from C$30.00 to C$26.00 and set a "sector perform" rating for the company in a report on Monday, June 9th.

Enghouse Systems Trading Down 1.9%

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 stock has a 50-day moving average of C$23.63 and a 200 day moving average of C$25.24. The stock has a market cap of C$1.24 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67.

Enghouse Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 5.4%. Enghouse Systems's dividend payout ratio is 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.

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