Enghouse Systems (TSE:ENGH) Reaches New 1-Year Low – What’s Next?

Shares of Enghouse Systems Limited (TSE:ENGH) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$27.00 and last traded at C$27.08, with a volume of 18317 shares trading hands. The stock had previously closed at C$27.21.

Wall Street Analysts Forecast Growth

ENGH has been the topic of a number of recent analyst reports. TD Securities dropped their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a report on Monday. Royal Bank of Canada cut their target price on shares of Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday. Finally, CIBC lowered their price target on Enghouse Systems from C$37.00 to C$31.00 in a report on Monday.

Enghouse Systems Stock Down 0.5 %

The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.84 and a current ratio of 1.69. The company’s 50-day moving average price is C$30.21 and its 200 day moving average price is C$30.23. The stock has a market capitalization of C$1.50 billion, a P/E ratio of 17.82, a P/E/G ratio of -4.19 and a beta of 0.67.

Enghouse Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 3.84%. Enghouse Systems’s payout ratio is 68.42%.

Insider Activity

In related news, Senior Officer Vincent Mifsud sold 83,800 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was 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.

Enghouse Systems Company Profile

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.