Enghouse Systems (TSE:ENGH) Shares Cross Below 50 Day Moving Average – Should You Sell?

Enghouse Systems Limited (TSE:ENGH)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$17.09 and traded as low as C$15.55. Enghouse Systems shares last traded at C$15.61, with a volume of 183,747 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on ENGH. Canadian Imperial Bank of Commerce reduced their price objective on shares of Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada decreased their price objective on shares of Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Thursday, June 11th. TD cut their target price on shares of Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating on the stock in a report on Thursday, June 11th. Finally, TD Securities cut their target price on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$17.60.

Enghouse Systems Trading Down 1.0%

The business has a 50 day simple moving average of C$17.09 and a 200-day simple moving average of C$18.00. The stock has a market capitalization of C$848.73 million, a price-to-earnings ratio of 11.83, a PEG ratio of -4.19 and a beta of 0.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84.

Enghouse Systems (TSE:ENGH) last released its quarterly earnings results on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%.The company had revenue of C$114.28 million for the quarter. As a group, equities analysts expect that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s dividend payout ratio (DPR) is currently 90.91%.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.