Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $55.95 and traded as low as $46.35. Open Text shares last traded at $50.00, with a volume of 928,862 shares changing hands.
Separately, Pi Financial raised shares of Open Text from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 10th.
The business’s 50 day simple moving average is C$55.72 and its 200 day simple moving average is C$56.27. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 95.00. The stock has a market cap of $12.40 billion and a price-to-earnings ratio of 37.98.
Open Text Company Profile (TSE:OTEX)
Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk.
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