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

Enghouse Systems Limited (TSE:ENGH) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$26.23 and last traded at C$26.65, with a volume of 117237 shares. The stock had previously closed at C$26.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Enghouse Systems from C$43.00 to C$40.00 in a report on Monday, December 16th. TD Securities cut their price target on Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research note on Monday, December 16th. Finally, CIBC lowered their price target on Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th.

Enghouse Systems Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 17.53, a PEG ratio of -4.19 and a beta of 0.67. The stock’s 50-day simple moving average is C$28.88 and its two-hundred day simple moving average is C$30.03.

Enghouse Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a dividend of $0.26 per share. The ex-dividend date was Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 3.90%. Enghouse Systems’s dividend payout ratio (DPR) is presently 68.42%.

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.