Enghouse Systems (TSE:ENGH) Stock Price Crosses Below 50-Day Moving Average of $31.76

Enghouse Systems Limited (TSE:ENGH) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$31.76 and traded as low as C$29.33. Enghouse Systems shares last traded at C$29.35, with a volume of 126,696 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities lowered their price target on Enghouse Systems from C$38.00 to C$35.00 and set a “hold” rating on the stock in a research note on Friday, March 15th.

Enghouse Systems Stock Performance

The firm has a fifty day simple moving average of C$31.66 and a 200-day simple moving average of C$33.70. The company has a current ratio of 1.79, a quick ratio of 1.84 and a debt-to-equity ratio of 1.95. The stock has a market cap of C$1.66 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of -4.19 and a beta of 0.67.

Enghouse Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be paid a $0.26 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.22. Enghouse Systems’s dividend payout ratio is 78.20%.

Insider Activity

In other news, Senior Officer Timothy Peters sold 1,500 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of C$30.34, for a total value of C$45,510.00. Following the transaction, the insider now owns 125 shares of the company’s stock, valued at approximately C$3,792.50. In other news, Senior Officer Robert Medved sold 10,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of C$30.28, for a total value of C$302,810.00. Also, Senior Officer Timothy Peters sold 1,500 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of C$30.34, for a total transaction of C$45,510.00. Following the completion of the sale, the insider now owns 125 shares of the company’s stock, valued at approximately C$3,792.50. 21.95% of the stock is currently owned by company insiders.

Enghouse Systems Company Profile

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.