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Open Text (TSE:OTEX) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Open Text Price Performance

The company's 50-day moving average is C$38.71 and its 200-day moving average is C$38.63. The firm has a market capitalization of C$7.53 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 157.46, a current ratio of 0.87 and a quick ratio of 1.34.

Open Text Company Profile

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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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