Open Text (TSE:OTEX) Hits New 52-Week Low - What's Next?

Key Points

• Shares of Open Text hit a new 52-week low, trading as low as C$27.95 and last at C$28.10 on volume of 707,735 shares (previous close C$29.83).
• TD Securities cut its price target from C$40 to C$28 and assigned a Hold rating; the MarketBeat consensus is also a Hold with an average target of C$28, indicating limited upside.
• Open Text reported quarterly EPS of C$1.55 on C$1.82B revenue, but the stock sits well below its 50‑day (C$32.59) and 200‑day (C$42.77) moving averages and carries a high debt‑to‑equity ratio (163.06), flagging momentum and leverage concerns.

Shares of Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX hit a new 52-week low on Thursday . The stock traded as low as C$27.95 and last traded at C$28.10, with a volume of 707735 shares trading hands. The stock had previously closed at C$29.83.

Analysts Set New Price Targets

Separately, TD Securities reduced their price target on Open Text from C$40.00 to C$28.00 and set a "hold" rating for the company in a report on Monday, February 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$28.00.

Open Text Stock Performance

The firm has a market cap of C$6.92 billion, a PE ratio of 16.25, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 163.06, a current ratio of 0.94 and a quick ratio of 1.34. The stock has a 50-day moving average price of C$32.59 and a 200 day moving average price of C$42.77.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last posted its quarterly earnings results on Thursday, February 5th. The company reported C$1.55 earnings per share (EPS) for the quarter. Open Text had a return on equity of 10.83% and a net margin of 8.42%.The firm had revenue of C$1.82 billion during the quarter. Research analysts forecast that Open Text Co. will post 4.9036649 earnings per share for the current year.

Open Text Company Profile

OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way - through Information Management.

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