Enghouse Systems (TSE:ENGH) Shares Cross Below 50 Day Moving Average – Time to Sell?

Enghouse Systems Limited (TSE:ENGH) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$26.88 and traded as low as C$26.14. Enghouse Systems shares last traded at C$26.32, with a volume of 52,191 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENGH. Royal Bank of Canada lowered their price objective on shares of Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th. CIBC lowered their price objective on shares of Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th. Finally, 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 report on Monday, December 16th.

Enghouse Systems Stock Up 0.5 %

The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of -4.19 and a beta of 0.67. The stock’s fifty day moving average price is C$26.86 and its 200-day moving average price is C$28.89. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Enghouse Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.93%. Enghouse Systems’s payout ratio is 71.32%.

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.