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Enghouse Systems (TSE:ENGH) Reaches New 52-Week Low - Here's Why

Enghouse Systems logo with Computer and Technology background

Key Points

  • Enghouse Systems' stock hit a new 52-week low, trading as low as C$20.40 before closing at C$20.41.
  • Analysts have downgraded the company, with Royal Bank of Canada and CIBC lowering their target prices to C$24.00 and C$25.00, respectively, and giving overall ratings ranging from Hold to Sell.
  • The company declared a quarterly dividend of $0.30 per share, yielding 5.9%, with a payout ratio of 79.41%.
  • Five stocks to consider instead of Enghouse Systems.

Enghouse Systems Limited (TSE:ENGH - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$20.40 and last traded at C$20.41, with a volume of 74171 shares trading hands. The stock had previously closed at C$20.75.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank Of Canada dropped their target price on Enghouse Systems from C$26.00 to C$24.00 and set a "sector perform" rating for the company in a research report on Monday, September 8th. CIBC dropped their target price on Enghouse Systems from C$25.50 to C$25.00 and set a "negative" rating for the company in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of C$26.00.

View Our Latest Analysis on Enghouse Systems

Enghouse Systems Trading Down 1.9%

The company has a fifty day simple moving average of C$21.60 and a two-hundred day simple moving average of C$23.44. 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 cap of C$1.12 billion, a PE ratio of 14.96, a P/E/G ratio of -4.19 and a beta of -0.18.

Enghouse Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.9%. Enghouse Systems's dividend payout ratio (DPR) is 79.41%.

About Enghouse Systems

(Get Free Report)

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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