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Open Text (TSE:OTEX) Sets New 52-Week Low - Here's Why

Open Text logo with Computer and Technology background
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Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$35.87 and last traded at C$36.31, with a volume of 249382 shares changing hands. The stock had previously closed at C$36.88.

Open Text Stock Performance

The stock's fifty day moving average price is C$39.76 and its two-hundred day moving average price is C$41.91. The company has a market cap of C$6.91 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87.

Open Text Company Profile

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Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada's University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.

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