Open Text (TSE:OTEX) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Open Text Co. (TSE:OTEX) shares recently crossed above their 50-day moving average, trading at C$52.19 after a high of C$52.42.
• The company reported a quarterly EPS of C$0.97, exceeding estimates by C$0.14, while also revealing a net margin of 12.21% and a return on equity of 15.83%.
• Open Text has increased its quarterly dividend to $0.275 per share, representing a 2.1% yield and a revised annualized payout of $1.10.

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$45.04 and traded as high as C$52.42. Open Text shares last traded at C$52.19, with a volume of 591,789 shares trading hands.

Open Text Price Performance

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 firm has a market cap of C$13.27 billion, a P/E ratio of 31.63, a PEG ratio of 1.35 and a beta of 0.87. The company has a fifty day moving average price of C$45.04 and a two-hundred day moving average price of C$40.31.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last announced its earnings results on Thursday, August 7th. The company reported C$0.97 EPS for the quarter, topping the consensus estimate of C$0.83 by C$0.14. Open Text had a net margin of 12.21% and a return on equity of 15.83%. During the same quarter in the prior year, the company posted $0.98 EPS. Equities analysts anticipate that Open Text Co. will post 4.9036649 earnings per share for the current year.

Open Text Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.275 dividend. This is a positive change from Open Text's previous quarterly dividend of $0.17. This represents a $1.10 dividend on an annualized basis and a yield of 2.1%. Open Text's dividend payout ratio is presently 63.64%.

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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