Enghouse Systems (TSE:ENGH) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Enghouse Systems Limited (TSE:ENGH) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$16.81 and traded as low as C$16.64. Enghouse Systems shares last traded at C$16.93, with a volume of 138,106 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, March 16th. TD Securities reduced their price objective on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating on the stock in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of C$20.50.

Enghouse Systems Price Performance

The firm has a market cap of C$936.84 million, a price-to-earnings ratio of 13.64, a PEG ratio of -4.19 and a beta of -0.06. The company has a quick ratio of 1.84, a current ratio of 1.68 and a debt-to-equity ratio of 1.75. The company’s 50-day moving average price is C$16.77 and its 200-day moving average price is C$18.45.

Enghouse Systems (TSE:ENGH) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$120.10 million for the quarter. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. On average, equities research analysts forecast that Enghouse Systems Limited will post 1.6991295 EPS for the current year.

Enghouse Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be given a dividend of $0.31 per share. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th. Enghouse Systems’s dividend payout ratio is currently 92.06%.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.