Open Text (TSE:OTEX) Shares Cross Above 50-Day Moving Average of $52.34

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

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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.