Open Text (TSE:OTEX) Shares Cross Above 50 Day Moving Average of $39.89

Open Text Co. (TSE:OTEXGet Rating) (NASDAQ:OTEX) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$39.89 and traded as high as C$44.46. Open Text shares last traded at C$43.91, with a volume of 569,927 shares trading hands.

Open Text Stock Down 0.7 %

The company has a debt-to-equity ratio of 116.23, a quick ratio of 1.34 and a current ratio of 1.42. The firm has a market capitalization of C$11.87 billion and a PE ratio of 58.55. The business’s 50 day moving average price is C$39.89 and its 200-day moving average price is C$42.21.

Insider Activity at Open Text

In other news, Director Stephen Sadler acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were purchased at an average price of C$39.42 per share, for a total transaction of C$394,200.00. Following the acquisition, the director now owns 290,000 shares of the company’s stock, valued at C$11,431,800. In other Open Text news, Director Stephen Sadler acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was purchased at an average price of C$39.42 per share, for a total transaction of C$394,200.00. Following the completion of the acquisition, the director now owns 290,000 shares of the company’s stock, valued at approximately C$11,431,800. Also, Director Mark James Barrenechea sold 71,433 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of C$37.23, for a total transaction of C$2,659,790.25. Following the sale, the director now owns 1,111,938 shares in the company, valued at C$41,402,739.01. In the last quarter, insiders purchased 321,300 shares of company stock worth $12,445,851 and sold 78,885 shares worth $2,944,756.

About Open Text

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Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform.

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