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Open Text (TSE:OTEX) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$36.92 and traded as high as C$39.49. Open Text shares last traded at C$38.70, with a volume of 908,741 shares.

Open Text Trading Up 1.1%

The firm has a market capitalization of C$7.18 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87. The company has a 50-day moving average price of C$36.94 and a 200-day moving average price of C$39.07.

Open Text Company Profile

(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.

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