Enghouse Systems (TSE:ENGH) Sets New 52-Week Low – Here’s What Happened

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

Analysts Set New Price Targets

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

Enghouse Systems Price Performance

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 company has a fifty day moving average price of C$29.07 and a 200 day moving average price of C$30.10. The company has a market capitalization of C$1.50 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67.

Enghouse Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, November 15th. Enghouse Systems’s payout ratio is 68.42%.

About Enghouse Systems

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.