Enghouse Systems (TSE:ENGH) Stock Passes Below Fifty Day Moving Average - Here's Why

Enghouse Systems Limited (TSE:ENGH - Get Free Report)'s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$25.85 and traded as low as C$24.33. Enghouse Systems shares last traded at C$24.37, with a volume of 148,475 shares.

Analyst Upgrades and Downgrades

Separately, 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, March 28th.

Enghouse Systems Price Performance

The business has a 50 day simple moving average of C$25.59 and a 200-day simple moving average of C$27.90. The company has a market capitalization of C$1.37 billion, a P/E ratio of 16.95, 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, February 14th. Enghouse Systems's dividend payout ratio (DPR) is 71.32%.

About Enghouse Systems

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.