Open Text (TSE:OTEX) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Open Text Stock Up 0.5 %

The company has a market cap of C$11.10 billion, a PE ratio of 17.53, a P/E/G ratio of 1.35 and a beta of 1.12. The business has a 50-day simple moving average of C$41.16 and a 200-day simple moving average of C$42.59. The company has a quick ratio of 1.34, a current ratio of 0.81 and a debt-to-equity ratio of 159.37.

Insider Buying and Selling at Open Text

In other Open Text news, Senior Officer Michael Fernando Acedo sold 1,311 shares of Open Text 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$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 stock was 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 corporate 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.