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Open Text (TSE:OTEX) Shares Pass Below 200-Day Moving Average - Time to Sell?

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Shares of Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.56 and traded as low as C$37.74. Open Text shares last traded at C$37.90, with a volume of 532,825 shares changing hands.

Open Text Stock Performance

The stock's 50 day moving average is C$39.19 and its 200 day moving average is C$41.45. The stock has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.35 and a beta of 1.12. The company has a current ratio of 0.87, a quick ratio of 1.34 and a debt-to-equity ratio of 157.46.

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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