Open Text (TSE:OTEX) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Price fell below the 200-day moving average: Open Text shares slipped under their 200‑day MA of C$43.55, trading as low as C$30.20 and last at C$31.00 on elevated volume.
• Analyst downgrade and target cut: TD Securities lowered its price target to C$28 and assigned a "hold" rating, matching the stock's current consensus "Hold" with an average target of C$28.
• Recent results and balance-sheet signal: The company reported quarterly EPS of C$1.55 on C$1.82B revenue, has a market cap of C$7.72B and a high debt‑to‑equity ratio of 163.06, with a PE of 18.13.

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.55 and traded as low as C$30.20. Open Text shares last traded at C$31.00, with a volume of 1,323,078 shares trading hands.

Wall Street Analyst Weigh In

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

Open Text Stock Performance

The company's 50 day simple moving average is C$33.55 and its 200 day simple moving average is C$43.55. The company has a debt-to-equity ratio of 163.06, a quick ratio of 1.34 and a current ratio of 0.94. The stock has a market cap of C$7.72 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.81.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last announced its quarterly earnings data 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. Analysts expect that Open Text Co. will post 4.9036649 earnings per share for the current year.

About Open Text

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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