Enghouse Systems (TSE:ENGH) Sets New 1-Year Low - Here's Why

Shares of Enghouse Systems Limited (TSE:ENGH - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as C$27.00 and last traded at C$27.08, with a volume of 18317 shares trading hands. The stock had previously closed at C$27.21.

Analyst Upgrades and Downgrades

ENGH has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Enghouse Systems from C$43.00 to C$40.00 in a report on Monday. CIBC decreased their price objective on shares of Enghouse Systems from C$37.00 to C$31.00 in a report on Monday. Finally, TD Securities dropped their target price on shares of Enghouse Systems from C$34.00 to C$29.00 and set a "hold" rating on the stock in a report on Monday.

Enghouse Systems Stock Down 0.1 %

The company has a current ratio of 1.69, a quick ratio of 1.84 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of C$30.21 and a 200 day moving average price of C$30.23. The stock has a market capitalization of C$1.50 billion, a P/E ratio of 17.88, a P/E/G ratio of -4.19 and a beta of 0.67.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 3.83%. Enghouse Systems's payout ratio is 68.42%.

Insider Buying and Selling at Enghouse Systems

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. 21.95% of the stock is currently owned by corporate insiders.

Enghouse Systems Company Profile

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.