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Open Text (TSE:OTEX) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.64 and traded as high as C$40.95. Open Text shares last traded at C$40.62, with a volume of 825,678 shares changing hands.

Open Text Stock Performance

The stock's 50-day moving average price is C$38.64 and its 200-day moving average price is C$38.64. The company has a current ratio of 0.87, a quick ratio of 1.34 and a debt-to-equity ratio of 157.46. The company has a market capitalization of C$7.49 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.35 and a beta of 1.12.

Open Text Company Profile

(Get Free Report)

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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