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

Shares of Enghouse Systems Limited (TSE:ENGH) reached a new 52-week low during trading on Friday . The company traded as low as C$26.85 and last traded at C$26.85, with a volume of 31888 shares traded. The stock had previously closed at C$27.29.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Securities lowered their price objective on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada cut their price objective on Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th. Finally, CIBC dropped their price target on shares of Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th.

Enghouse Systems Price Performance

The company has a market cap of C$1.49 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of -4.19 and a beta of 0.67. The company has a current ratio of 1.69, a quick ratio of 1.84 and a debt-to-equity ratio of 2.29. The business has a 50-day moving average price of C$29.71 and a 200 day moving average price of C$30.16.

Enghouse Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a $0.26 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.85%. Enghouse Systems’s dividend payout ratio (DPR) is 68.42%.

Insider Activity

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of Enghouse Systems stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$32.15, for a total value of C$2,694,170.00. 21.95% of the stock is owned by corporate insiders.

About Enghouse Systems

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.