Enghouse Systems (TSE:ENGH) Hits New 52-Week Low – What’s Next?

Enghouse Systems Limited (TSE:ENGH) shares reached a new 52-week low on Friday . The company traded as low as C$15.35 and last traded at C$15.40, with a volume of 328247 shares traded. The stock had previously closed at C$17.76.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENGH. UBS Group decreased their price objective on shares of Enghouse Systems from C$22.00 to C$20.00 in a research report on Monday, December 8th. Royal Bank Of Canada cut their price target on Enghouse Systems from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Enghouse Systems currently has a consensus rating of “Reduce” and an average target price of C$22.33.

Enghouse Systems Trading Down 12.0%

The company’s 50 day simple moving average is C$18.42 and its 200-day simple moving average is C$19.98. The firm has a market cap of C$854.21 million, a P/E ratio of 11.66, a P/E/G ratio of -4.19 and a beta of -0.09. The company has a quick ratio of 1.84, a current ratio of 1.71 and a debt-to-equity ratio of 1.83.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$0.32 EPS for the quarter. Enghouse Systems had a return on equity of 12.17% and a net margin of 14.77%.The company had revenue of C$120.10 million for the quarter. As a group, research analysts predict that Enghouse Systems Limited will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 7.7%. Enghouse Systems’s dividend payout ratio (DPR) is presently 83.58%.

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.