Open Text (TSE:OTEX) Stock Price Down 6.8% – Time to Sell?

Shares of Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) traded down 6.8% during trading on Wednesday . The company traded as low as C$32.84 and last traded at C$32.88. 270,767 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,130,985 shares. The stock had previously closed at C$35.27.

Analyst Ratings Changes

Separately, TD Securities decreased their target price on shares of Open Text from C$40.00 to C$28.00 and set a “hold” rating on the stock in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$28.00.

Open Text Stock Up 3.7%

The company has a debt-to-equity ratio of 157.46, a current ratio of 0.87 and a quick ratio of 1.34. The company has a market cap of C$8.39 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. The company has a fifty day moving average price of C$41.51 and a 200 day moving average price of C$46.07.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last announced its earnings results on Thursday, February 5th. The company reported C$1.55 earnings per share for the quarter. Open Text had a net margin of 12.21% and a return on equity of 15.83%. The business had revenue of C$1.82 billion for the quarter. As a group, analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current year.

Open Text Company Profile

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.