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

Enghouse Systems Limited (TSE:ENGH)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$26.88 and traded as low as C$26.38. Enghouse Systems shares last traded at C$26.42, with a volume of 147,107 shares.

Analysts Set New Price Targets

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

Enghouse Systems Price Performance

The business has a fifty day moving average price of C$26.88 and a 200 day moving average price of C$28.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67.

Enghouse Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 3.94%. Enghouse Systems’s payout ratio is 71.32%.

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.