Open Text Co. (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) dropped 16.4% during mid-day trading on Friday . The company traded as low as C$38.45 and last traded at C$40.59. Approximately 1,174,809 shares changed hands during mid-day trading, an increase of 110% from the average daily volume of 559,695 shares. The stock had previously closed at C$48.54.
Open Text Stock Performance
The firm’s fifty day moving average is C$50.76 and its 200 day moving average is C$52.45. The firm has a market capitalization of C$11.07 billion, a price-to-earnings ratio of 63.66, a PEG ratio of 1.35 and a beta of 1.10. The company has a debt-to-equity ratio of 219.43, a current ratio of 1.38 and a quick ratio of 1.34.
Insider Buying and Selling at Open Text
In other news, Director Mark James Barrenechea sold 128,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$41.14, for a total value of C$5,265,843.20. In other Open Text news, Senior Officer Madhu Ranganathan sold 7,264 shares of Open Text stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$38.58, for a total value of C$280,278.53. Also, Director Mark James Barrenechea sold 128,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$41.14, for a total transaction of C$5,265,843.20. Company insiders own 2.23% of the company’s stock.
About Open Text
Open Text Corporation provides information management software and solutions. The company offers content services, which includes content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.
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