Enghouse Systems (TSE:ENGH) Reaches New 1-Year Low - Time to Sell?

Key Points

• Enghouse Systems' stock hit a new 52-week low at C$22.09 during trading, signaling potential concerns among investors.
• Analyst ratings were downgraded, with CIBC and Royal Bank of Canada reducing their price targets to C$25.50 and C$26.00 respectively, both maintaining a "neutral" or "sector perform" rating.
• The company announced a quarterly dividend of $0.30, representing a 5.4% dividend yield, which will be paid on August 29th to shareholders of record on that date.

Enghouse Systems Limited (TSE:ENGH - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$22.09 and last traded at C$22.13, with a volume of 72930 shares trading hands. The stock had previously closed at C$22.06.

Analyst Ratings Changes

A number of research firms have weighed in on ENGH. CIBC dropped their price target on shares of Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating for the company in a research report on Monday, June 9th. Royal Bank Of Canada dropped their target price on shares of 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 Up 0.5%

The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. The company has a 50 day moving average price of C$23.12 and a 200 day moving average price of C$25.03.

Enghouse Systems Announces Dividend

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