Open Text (TSE:OTEX) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Open Text's share price has surpassed its fifty-day moving average for the first time, reaching a peak of C$40.08 during trading.
• The company's market capitalization stands at C$7.34 billion, with a price-to-earnings ratio of 11.25 and a PEG ratio of 1.35.
• Open Text specializes in software solutions for archiving and managing unstructured information, originally evolving from a project at the University of Waterloo in the mid-1980s.

Open Text Co. (TSE:OTEX - NASDAQ: OTEX's share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$39.53 and traded as high as C$40.08. Open Text shares last traded at C$39.78, with a volume of 968,979 shares changing hands.

Open Text Stock Up 0.8%

The business's fifty day moving average price is C$39.53 and its 200 day moving average price is C$38.59. The firm has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.35 and a beta of 1.12. The company has a current ratio of 0.87, a quick ratio of 1.34 and a debt-to-equity ratio of 157.46.

About Open Text

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.

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