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

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$36.77 and traded as high as C$39.49. Open Text shares last traded at C$38.84, with a volume of 841,198 shares trading hands.

Open Text Trading Down 0.2%

The company has a 50 day moving average of C$36.86 and a 200 day moving average of C$39.18. 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 stock has a market capitalization of C$7.24 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.35 and a beta of 1.12.

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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