Enghouse Systems (TSE:ENGH) Reaches New 1-Year Low – What’s Next?

Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week low on Tuesday . The stock traded as low as C$22.61 and last traded at C$22.61, with a volume of 7579 shares trading hands. The stock had previously closed at C$22.64.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ENGH. Royal Bank Of Canada lowered their target price on shares of Enghouse Systems from C$30.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Monday, June 9th. CIBC lowered their price objective on Enghouse Systems from C$30.00 to C$25.50 and set a “neutral” rating on the stock in a report on Monday, June 9th.

Enghouse Systems Stock Up 0.9%

The company has a market cap of C$1.28 billion, a PE ratio of 15.81, a P/E/G ratio of -4.19 and a beta of 0.67. The firm has a 50-day simple moving average of C$25.03 and a two-hundred day simple moving average of C$26.14. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84.

Enghouse Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.26. Enghouse Systems’s dividend payout ratio (DPR) is currently 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.