Enghouse Systems (TSE:ENGH) Shares Cross Below 50 Day Moving Average – Time to Sell?

Enghouse Systems Limited (TSE:ENGH) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$26.88 and traded as low as C$26.14. Enghouse Systems shares last traded at C$26.32, with a volume of 52,191 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENGH. CIBC lowered their target price on shares of Enghouse Systems from C$37.00 to C$31.00 in a report on Monday, December 16th. TD Securities decreased their price objective 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, December 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th.

Enghouse Systems Stock Performance

The stock has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of -4.19 and a beta of 0.67. The company’s fifty day simple moving average is C$26.86 and its 200 day simple moving average is C$28.89. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86.

Enghouse Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were given a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.93%. Enghouse Systems’s payout ratio is presently 71.32%.

About Enghouse Systems

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.