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Open Text (TSE:OTEX) Hits New 12-Month 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 share price hit a new 52-week low during trading on Monday . The stock traded as low as C$37.00 and last traded at C$37.55, with a volume of 244769 shares trading hands. The stock had previously closed at C$37.36.

Open Text Stock Up 2.8 %

The firm has a market cap of C$6.98 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.35 and a beta of 1.12. The firm has a 50 day moving average of C$40.21 and a 200 day moving average of C$42.16. The company has a quick ratio of 1.34, a current ratio of 0.87 and a debt-to-equity ratio of 157.46.

About Open Text

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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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