Open Text Co. (TSE:OTEX – Get Rating) (NASDAQ:OTEX) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$52.34 and traded as high as C$56.71. Open Text shares last traded at C$54.96, with a volume of 901,045 shares changing hands.
Analyst Ratings Changes
Separately, Scotiabank upped their price objective on shares of Open Text from C$43.00 to C$50.00 in a report on Monday, May 8th.
Open Text Trading Down 2.2 %
The business’s 50-day simple moving average is C$52.34 and its two-hundred day simple moving average is C$46.12. The firm has a market capitalization of C$14.88 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.35 and a beta of 1.08. The company has a quick ratio of 1.34, a current ratio of 2.31 and a debt-to-equity ratio of 132.24.
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.
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Receive News & Ratings for Open Text Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Text and related companies with MarketBeat.com's FREE daily email newsletter.