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Enghouse Systems (TSE:ENGH) Shares Pass Below 50 Day Moving Average - Should You Sell?

Enghouse Systems logo with Computer and Technology background
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Enghouse Systems Limited (TSE:ENGH - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$26.88 and traded as low as C$26.38. Enghouse Systems shares last traded at C$26.42, with a volume of 147,107 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada downgraded shares of Enghouse Systems from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$3,800.00 to C$3,300.00 in a research report on Friday. TD Securities lowered their price target on Enghouse Systems from C$34.00 to C$29.00 and set a "hold" rating for the company in a report on Monday, December 16th. Finally, CIBC reduced their price objective on Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday, December 16th.

Read Our Latest Research Report on ENGH

Enghouse Systems Trading Up 0.3 %

The business's 50 day simple moving average is C$26.78 and its two-hundred day simple moving average is C$28.72. The stock has a market cap of C$1.43 billion, a P/E ratio of 17.65, a PEG ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Enghouse Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.04%. Enghouse Systems's payout ratio is presently 71.32%.

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About Enghouse Systems

(Get Free Report)

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.

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