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

Enghouse Systems Limited (TSE:ENGH) shares crossed 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 trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ENGH. TD Securities decreased their target price on 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. Royal Bank of Canada decreased their price objective on Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th. Finally, CIBC cut their target price on Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th.

Enghouse Systems Trading Up 0.6 %

The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The company has a market capitalization of C$1.46 billion, a P/E ratio of 18.05, a P/E/G ratio of -4.19 and a beta of 0.67. The firm’s 50-day moving average price is C$26.88 and its 200 day moving average price is C$28.94.

Enghouse Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, February 14th. Enghouse Systems’s dividend payout ratio is currently 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.