Enghouse Systems (TSE:ENGH) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Enghouse Systems Limited (TSE:ENGH) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$25.85 and traded as low as C$24.33. Enghouse Systems shares last traded at C$24.37, with a volume of 148,475 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut Enghouse Systems from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$3,800.00 to C$3,300.00 in a research report on Friday, March 28th.

Enghouse Systems Price Performance

The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 16.71, a PEG ratio of -4.19 and a beta of 0.67. The company’s 50 day moving average price is C$25.85 and its 200 day moving average price is C$28.15. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86.

Enghouse Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Friday, February 14th. Enghouse Systems’s dividend payout ratio is presently 71.32%.

About Enghouse Systems

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.