Open Text (TSE:OTEX) Trading Up 1.3%

Open Text Corp (TSE:OTEX) (NASDAQ:OTEX)’s stock price was up 1.3% on Thursday . The stock traded as high as C$52.45 and last traded at C$52.31, approximately 125,397 shares traded hands during trading. A decline of 78% from the average daily volume of 578,271 shares. The stock had previously closed at C$51.65.

The firm has a 50 day moving average of C$53.74 and a two-hundred day moving average of C$53.56. The stock has a market cap of $13.90 billion and a P/E ratio of 49.33. The company has a debt-to-equity ratio of 67.31, a quick ratio of 1.44 and a current ratio of 1.54.

In related news, Senior Officer Muhieddine Majzoub sold 18,788 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of C$51.08, for a total transaction of C$959,609.95. Following the completion of the sale, the insider now owns 70,595 shares in the company, valued at approximately C$3,605,687.91.

About Open Text (TSE:OTEX)

Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk.

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