Open Text (TSE:OTEX) Shares Cross Above Fifty Day Moving Average - Here's Why

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$41.14 and traded as high as C$41.52. Open Text shares last traded at C$41.37, with a volume of 467,158 shares trading hands.

Open Text Stock Up 0.5 %

The firm's fifty day simple moving average is C$41.16 and its 200 day simple moving average is C$42.59. The company has a market cap of C$11.10 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.35 and a beta of 1.12. The company has a current ratio of 0.81, a quick ratio of 1.34 and a debt-to-equity ratio of 159.37.

Insider Buying and Selling

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

Open Text Company Profile

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.