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Open Text (TSE:OTEX) Shares Pass Above 50 Day Moving Average - What's Next?

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$39.02 and traded as high as C$39.62. Open Text shares last traded at C$38.33, with a volume of 746,223 shares traded.

Open Text Stock Performance

The stock has a 50 day simple moving average of C$39.02 and a 200 day simple moving average of C$38.64. The company has a market cap of C$7.07 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.35 and a beta of 1.12. The company has a quick ratio of 1.34, a current ratio of 0.87 and a debt-to-equity ratio of 157.46.

About Open Text

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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