Open Text Co. (TSE:OTEX – Get Rating) (NASDAQ:OTEX) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$37.97 and last traded at C$38.02, with a volume of 550962 shares changing hands. The stock had previously closed at C$38.66.
Analyst Upgrades and Downgrades
Separately, National Bankshares reissued a “buy” rating and issued a C$60.00 price target on shares of Open Text in a research note on Friday, June 17th.
Open Text Price Performance
The company has a 50 day simple moving average of C$47.19 and a 200-day simple moving average of C$49.90. The stock has a market cap of C$10.09 billion and a price-to-earnings ratio of 19.74. The company has a current ratio of 1.56, a quick ratio of 1.48 and a debt-to-equity ratio of 110.97.
Insider Activity at Open Text
Open Text Company Profile
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform.
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