Enghouse Systems (TSE:ENGH) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Enghouse Systems Limited (TSE:ENGH)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$26.88 and traded as low as C$26.38. Enghouse Systems shares last traded at C$26.42, with a volume of 147,107 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ENGH shares. TD Securities decreased their target price on Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada cut Enghouse Systems from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$3,800.00 to C$3,300.00 in a report on Friday. Finally, CIBC decreased their price target on Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th.

Enghouse Systems Stock Performance

The firm has a market cap of C$1.41 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The business has a 50 day simple moving average of C$26.85 and a two-hundred day simple moving average of C$28.77.

Enghouse Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.10%. Enghouse Systems’s payout ratio is 71.32%.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.