Enghouse Systems (TSE:ENGH) Hits New 12-Month Low – Should You Sell?

Enghouse Systems Limited (TSE:ENGH)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$27.00 and last traded at C$27.08, with a volume of 18317 shares traded. The stock had previously closed at C$27.21.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Securities reduced their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research report on Monday, December 16th. CIBC decreased their target price on Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada dropped their price target on Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday, December 16th.

Enghouse Systems Stock Performance

The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 18.05, a PEG ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.69 and a quick ratio of 1.84. The firm’s fifty day moving average is C$30.03 and its 200 day moving average is C$30.20.

Enghouse Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, November 15th. Enghouse Systems’s dividend payout ratio (DPR) is currently 68.42%.

Insider Buying and Selling

In related news, Senior Officer Vincent Mifsud sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$32.87, for a total value of C$532,494.00. 21.95% of the stock is owned by corporate 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.