Enghouse Systems (TSE:ENGH) Stock Price Down 0.7% - Should You Sell?

Enghouse Systems Limited (TSE:ENGH - Get Free Report) traded down 0.7% during mid-day trading on Friday . The stock traded as low as C$26.18 and last traded at C$26.29. 120,167 shares were traded during trading, an increase of 25% from the average session volume of 96,316 shares. The stock had previously closed at C$26.48.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut shares of Enghouse Systems from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$3,800.00 to C$3,300.00 in a research note on Friday, March 28th.

Enghouse Systems Stock Performance

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 cap of C$1.50 billion, a P/E ratio of 18.45, a PEG ratio of -4.19 and a beta of 0.67. The stock has a 50-day simple moving average of C$25.37 and a 200-day simple moving average of C$26.78.

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.46%. This is a boost from Enghouse Systems's previous quarterly dividend of $0.26. The ex-dividend date was Friday, May 16th. Enghouse Systems's dividend 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.