Open Text (TSE:OTEX) Stock Crosses Below 50 Day Moving Average - Here's Why

Open Text Co. (TSE:OTEX - Get Free Report) NASDAQ: OTEX shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$42.21 and traded as low as C$40.48. Open Text shares last traded at C$40.68, with a volume of 274,205 shares traded.

Open Text Stock Down 0.2 %

The stock has a market capitalization of C$10.91 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.35 and a beta of 1.12. The firm has a 50-day moving average of C$42.09 and a 200 day moving average of C$42.57. The company has a debt-to-equity ratio of 159.37, a current ratio of 0.81 and a quick ratio of 1.34.

Insider Activity

In related news, Senior Officer Michael Fernando Acedo sold 1,311 shares of the business's stock in a transaction on Monday, November 4th. The stock was 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 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$2,420,311.61. Insiders own 2.11% of the company's stock.

About Open Text

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.