Enghouse Systems (TSE:ENGH) Reaches New 12-Month Low – Here’s What Happened

Enghouse Systems Limited (TSE:ENGH)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$26.45 and last traded at C$26.62, with a volume of 38437 shares changing hands. The stock had previously closed at C$26.78.

Wall Street Analyst Weigh In

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

Enghouse Systems Trading Down 1.4 %

The company has a market cap of C$1.48 billion, a price-to-earnings ratio of 17.59, a PEG ratio of -4.19 and a beta of 0.67. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.69 and a quick ratio of 1.84. The business’s 50-day simple moving average is C$28.93 and its 200-day simple moving average is C$30.07.

Enghouse Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.89%. The ex-dividend date was Friday, November 15th. Enghouse Systems’s payout ratio is 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.