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Enghouse Systems (TSE:ENGH) Sets New 12-Month Low - Time to Sell?

Enghouse Systems logo with Computer and Technology background

Enghouse Systems Limited (TSE:ENGH - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$22.61 and last traded at C$22.62, with a volume of 147752 shares trading hands. The stock had previously closed at C$22.73.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ENGH shares. CIBC cut 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 report on Monday, June 9th. Royal Bank of Canada decreased their price target on shares of Enghouse Systems from C$30.00 to C$26.00 and set a "sector perform" rating on the stock in a research note on Monday, June 9th.

Check Out Our Latest Stock Report on ENGH

Enghouse Systems Stock Down 0.5%

The firm's 50-day moving average price is C$25.25 and its 200 day moving average price is C$26.45. The firm has a market cap of C$1.26 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Enghouse Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 5.31%. This is an increase from Enghouse Systems's previous quarterly dividend of $0.26. Enghouse Systems's dividend payout ratio is presently 71.32%.

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.

See Also

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