Enghouse Systems (TSE:ENGH) Stock Price Passes Below 50 Day Moving Average - What's Next?

Enghouse Systems logo with Computer and Technology background

Shares of Enghouse Systems Limited (TSE:ENGH - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$28.09 and traded as low as C$27.35. Enghouse Systems shares last traded at C$27.59, with a volume of 316,420 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada dropped their price target on Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th. TD Securities lowered their target price on Enghouse Systems from C$34.00 to C$29.00 and set a "hold" rating on the stock in a research note on Monday, December 16th. Finally, CIBC cut their price target on shares of Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th.

View Our Latest Stock Analysis on ENGH

Enghouse Systems Price Performance

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's fifty day moving average is C$28.03 and its 200 day moving average is C$29.70. The company has a market cap of C$1.52 billion, a P/E ratio of 18.12, a PEG ratio of -4.19 and a beta of 0.67.

Enghouse Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.78%. Enghouse Systems's dividend payout ratio is presently 68.42%.

About Enghouse Systems

(Get Free Report)

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.

Further Reading

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