Open Text (TSE:OTEX) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.51 and traded as low as C$41.98. Open Text shares last traded at C$42.00, with a volume of 556,888 shares trading hands.

Open Text Trading Down 1.3 %

The company has a quick ratio of 1.34, a current ratio of 0.81 and a debt-to-equity ratio of 159.37. The stock’s 50 day moving average is C$43.47 and its two-hundred day moving average is C$42.52. The company has a market capitalization of C$11.26 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

Insider Transactions at Open Text

In other Open Text news, Director Mark James Barrenechea sold 60,536 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of C$39.98, for a total value of C$2,420,311.61. Also, Senior Officer Michael Fernando Acedo sold 1,311 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of C$39.98, for a total transaction of C$52,415.56. Corporate insiders own 2.11% of the company’s stock.

Open Text Company Profile

Open Text Corporation engages in the provision of information management products and services. The company offers content services, including content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.