Enghouse Systems (TSE:ENGH) Sets New 12-Month Low - Here's What Happened

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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. CIBC dropped their target price on Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating for the company in a report on Monday, June 9th. Royal Bank Of Canada lowered 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 research report on Monday, June 9th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$26.83.

Enghouse Systems Stock Down 0.0%

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 stock has a market capitalization of C$1.24 billion, a PE ratio of 15.29, a PEG ratio of -4.19 and a beta of 0.67. The company has a 50 day moving average price of C$23.04 and a 200-day moving average price of C$24.88.

Enghouse Systems Dividend Announcement

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