Open Text (TSE:OTEX) Hits New 12-Month Low – Should You Sell?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$30.03 and last traded at C$30.54, with a volume of 300485 shares changing hands. The stock had previously closed at C$31.63.

Analyst Upgrades and Downgrades

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

Open Text Price Performance

The company has a market cap of C$7.68 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.81. The company has a fifty day simple moving average of C$34.41 and a two-hundred day simple moving average of C$44.08. The company has a quick ratio of 1.34, a current ratio of 0.94 and a debt-to-equity ratio of 163.06.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last released its quarterly earnings results on Thursday, February 5th. The company reported C$1.55 earnings per share (EPS) for the quarter. Open Text had a return on equity of 10.83% and a net margin of 8.42%.The business had revenue of C$1.82 billion during the quarter. On average, equities research analysts anticipate that Open Text Co. will post 4.9036649 earnings per share for the current fiscal year.

About Open Text

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.