Open Text (TSE:OTEX) Share Price Passes Below 200-Day Moving Average of $47.97

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.97 and traded as low as C$42.38. Open Text shares last traded at C$43.06, with a volume of 444,969 shares changing hands.

Open Text Trading Up 1.1 %

The company has a 50-day moving average of C$41.06 and a 200 day moving average of C$47.89. The company has a debt-to-equity ratio of 209.59, a current ratio of 1.40 and a quick ratio of 1.34. The company has a market cap of C$11.74 billion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.

Insider Activity

In other Open Text news, Director Michael William George Slaunwhite sold 250,000 shares of Open Text stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$39.32, for a total transaction of C$9,828,775.00. Corporate insiders own 2.22% of the company’s stock.

About Open Text

Open Text Corporation provides information management software and solutions. The company offers content services, which includes 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.