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Open Text (TSE:OTEX) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Open Text logo with Computer and Technology background

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX's share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$42.62 and traded as low as C$40.27. Open Text shares last traded at C$40.52, with a volume of 491,521 shares trading hands.

Open Text Stock Down 0.2 %

The company's 50-day simple moving average is C$41.22 and its 200 day simple moving average is C$42.62. The company has a debt-to-equity ratio of 159.37, a current ratio of 0.81 and a quick ratio of 1.34. The firm has a market cap of C$10.85 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

Insider Buying and Selling

In other Open Text news, Senior Officer Michael Fernando Acedo sold 1,311 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of C$39.98, for a total value of C$52,415.56. Also, Director Mark James Barrenechea sold 60,536 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of C$39.98, for a total transaction of C$2,420,311.61. 2.11% of the stock is currently owned by company insiders.

Open Text Company Profile

(Get Free Report)

Open Text Corporation engages in the provision of information management products and services. The company offers content services, including content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.

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