Open Text (TSE:OTEX) Share Price Passes Above 50 Day Moving Average of $51.50

Shares of Open Text Co. (TSE:OTEX – Get Rating) (NASDAQ:OTEX) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$51.50 and traded as high as C$54.94. Open Text shares last traded at C$54.85, with a volume of 432,727 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their target price on shares of Open Text from C$43.00 to C$50.00 in a report on Monday, May 8th.

Open Text Price Performance

The business’s fifty day moving average price is C$51.50 and its 200 day moving average price is C$45.41. The stock has a market cap of C$14.85 billion, a P/E ratio of 37.06, a PEG ratio of 1.35 and a beta of 1.08. The company has a debt-to-equity ratio of 132.24, a current ratio of 2.31 and a quick ratio of 1.34.

Open Text Company Profile

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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.