Enghouse Systems (TSE:ENGH) Sets New 52-Week Low – Here’s Why

Enghouse Systems Limited (TSE:ENGH)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$27.00 and last traded at C$27.08, with a volume of 18317 shares changing hands. The stock had previously closed at C$27.21.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. CIBC reduced their target price on Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday, December 16th. Royal Bank of Canada decreased their target price on Enghouse Systems from C$43.00 to C$40.00 in a research note on Monday, December 16th. Finally, TD Securities dropped their price target on 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.

Enghouse Systems Stock Up 1.0 %

The firm has a market cap of C$1.52 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The stock’s 50 day moving average is C$30.03 and its 200 day moving average is C$30.20. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29.

Enghouse Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, November 15th. Enghouse Systems’s dividend payout ratio is presently 68.42%.

Insider Activity at Enghouse Systems

In related news, Senior Officer Vincent Mifsud sold 83,800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$32.15, for a total value of C$2,694,170.00. Company insiders own 21.95% of the company’s stock.

About Enghouse Systems

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.