Enghouse Systems (TSE:ENGH) Sets New 52-Week Low - Here's What Happened

Enghouse Systems Limited (TSE:ENGH - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as C$22.61 and last traded at C$22.70, with a volume of 283365 shares changing hands. The stock had previously closed at C$26.30.

Wall Street Analysts Forecast Growth

ENGH has been the topic of a number of recent research reports. 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 report on Monday. CIBC cut their target price 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.

Enghouse Systems Stock Down 2.9%

The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 15.90, a PEG ratio of -4.19 and a beta of 0.67. The firm's 50 day simple moving average is C$25.32 and its 200-day simple moving average is C$26.67.

Enghouse Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 30th were paid a $0.30 dividend. This is a boost from Enghouse Systems's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Friday, May 16th. Enghouse Systems's payout ratio is currently 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.