Open Text (TSE:OTEX) Share Price Passes Below 200-Day Moving Average – Here’s Why

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$42.62 and traded as low as C$40.27. Open Text shares last traded at C$40.52, with a volume of 491,521 shares changing hands.

Open Text Trading Up 0.3 %

The company has a debt-to-equity ratio of 159.37, a quick ratio of 1.34 and a current ratio of 0.81. The stock has a market capitalization of C$10.87 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The business has a fifty day simple moving average of C$41.22 and a 200 day simple moving average of C$42.62.

Insider Buying and Selling

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

About Open Text

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.