Open Text (TSE:OTEX) Sets New 1-Year Low – Should You Sell?

Open Text Co. (TSE:OTEXGet Free Report) (NASDAQ:OTEX)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$37.00 and last traded at C$37.55, with a volume of 244769 shares changing hands. The stock had previously closed at C$37.36.

Open Text Stock Performance

The stock’s 50-day moving average price is C$40.47 and its 200-day moving average price is C$42.27. The company has a market capitalization of C$6.82 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87.

Open Text Company Profile

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Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada’s University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.

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