Open Text (TSE:OTEX) Trading Down 16.4%

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) shares traded down 16.4% during trading on Friday . The company traded as low as C$38.45 and last traded at C$40.59. 1,174,809 shares were traded during trading, an increase of 110% from the average session volume of 559,695 shares. The stock had previously closed at C$48.54.

Open Text Trading Down 14.8 %

The stock has a market cap of C$11.07 billion, a PE ratio of 63.66, a PEG ratio of 1.35 and a beta of 1.10. The company has a debt-to-equity ratio of 219.43, a quick ratio of 1.34 and a current ratio of 1.38. The business has a 50-day moving average of C$50.76 and a 200 day moving average of C$52.45.

Insider Transactions at Open Text

In related news, Senior Officer Madhu Ranganathan sold 7,264 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$38.58, for a total transaction of C$280,278.53. In related news, Senior Officer Madhu Ranganathan sold 7,264 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$38.58, for a total transaction of C$280,278.53. Also, Director Mark James Barrenechea sold 128,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$41.14, for a total value of C$5,265,843.20. Insiders own 2.23% of the company’s stock.

Open Text Company Profile

Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.