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

Key Points

• Open Text's shares surpassed the 50-day moving average recently, trading as high as C$45.82 with a last traded price of C$45.34.
• The company reported a quarterly EPS of C$0.97, exceeding analysts' expectations, along with a return on equity of 15.83%.
• Open Text has increased its quarterly dividend to $0.275 per share, reflecting a 2.4% yield and a payout ratio of 63.64%.

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$41.42 and traded as high as C$45.82. Open Text shares last traded at C$45.34, with a volume of 939,591 shares changing hands.

Open Text Stock Performance

The stock has a market cap of C$11.70 billion, a P/E ratio of 27.89, a PEG ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 157.46, a current ratio of 0.87 and a quick ratio of 1.34. The firm's 50-day moving average price is C$41.81 and its 200-day moving average price is C$39.00.

Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last released its quarterly earnings data on Thursday, August 7th. The company reported C$0.97 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.98 EPS. Sell-side analysts expect that Open Text Co. will post 4.9036649 earnings per share for the current fiscal year.

Open Text Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.4%. This is a boost from Open Text's previous quarterly dividend of $0.17. Open Text's dividend payout ratio (DPR) is presently 63.64%.

Open Text Company Profile

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.