Shares of Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$39.98 and traded as high as C$44.03. Open Text shares last traded at C$43.80, with a volume of 1,208,883 shares traded.
Open Text Price Performance
The stock has a market capitalization of C$8.19 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The stock's 50 day moving average is C$40.37 and its two-hundred day moving average is C$38.67. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87.
Open Text (TSE:OTEX - Get Free Report) NASDAQ: OTEX last issued its quarterly earnings results on Thursday, August 7th. The company reported C$0.97 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $0.98 EPS. On average, equities analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current fiscal year.
Open Text Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be 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 2.5%. Open Text's dividend payout ratio (DPR) is currently 40.16%.
About Open Text
(
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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.
Further Reading
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