Enghouse Systems (TSE:ENGH) Reaches New 52-Week Low – Time to Sell?

Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$20.08 and last traded at C$20.10, with a volume of 101982 shares. The stock had previously closed at C$20.90.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ENGH. CIBC lowered their price objective on Enghouse Systems from C$25.50 to C$25.00 and set a “negative” rating for the company in a research report on Monday, September 8th. Royal Bank Of Canada dropped their price target on Enghouse Systems from C$26.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Monday, September 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$26.00.

Enghouse Systems Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86. The firm has a 50 day moving average price of C$20.87 and a 200-day moving average price of C$22.89. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of -4.19 and a beta of -0.23.

Enghouse Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 28th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, November 14th. Enghouse Systems’s dividend payout ratio (DPR) is currently 79.41%.

About Enghouse Systems

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.