Open Text (TSE:OTEX) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of Open Text Co. (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$33.44 and traded as high as C$38.03. Open Text shares last traded at C$37.55, with a volume of 536,097 shares trading hands.

Open Text Stock Performance

The company has a debt-to-equity ratio of 148.79, a current ratio of 0.81 and a quick ratio of 1.34. The company’s fifty day simple moving average is C$33.53 and its two-hundred day simple moving average is C$32.58. The stock has a market cap of C$9.50 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.35 and a beta of 1.18.

Open Text (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.85 earnings per share for the quarter. The firm had revenue of C$2.04 billion for the quarter. Open Text had a net margin of 12.25% and a return on equity of 15.99%. On average, analysts forecast that Open Text Co. will post 4.90 earnings per share for the current year.

Open Text Company Profile

(Get Free Report)

OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.

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