Open Text (TSE:OTEX) Shares Cross Below 50 Day Moving Average – Should You Sell?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$49.48 and traded as low as C$46.03. Open Text shares last traded at C$46.50, with a volume of 579,129 shares changing hands.

Open Text Trading Up 1.0%

The business has a fifty day simple moving average of C$49.48 and a 200-day simple moving average of C$45.98. The company has a debt-to-equity ratio of 157.46, a quick ratio of 1.34 and a current ratio of 0.87. The firm has a market cap of C$11.72 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.35 and a beta of 0.82.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$1.05 EPS for the quarter. The firm had revenue of C$1.79 billion for the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%. As a group, equities analysts forecast that Open Text Co. will post 4.9036649 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Open Text news, insider Brian Paul Sweeney sold 8,050 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of C$49.31, for a total value of C$396,945.50. Following the completion of the transaction, the insider directly owned 12,500 shares in the company, valued at approximately C$616,375. This represents a 39.17% decrease in their position. 2.11% of the stock is owned by insiders.

About Open Text

OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.