Enghouse Systems (TSE:ENGH) Hits New 12-Month Low – Should You Sell?

Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week low 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 Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Securities reduced their price objective 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. CIBC reduced their target price on Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada dropped their price target on Enghouse Systems from C$43.00 to C$40.00 in a research note on Monday, December 16th.

Enghouse Systems Stock Up 2.4 %

The firm has a market cap of C$1.48 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The stock’s 50 day simple moving average is C$28.67 and its 200 day simple moving average is C$29.95. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.84 and a current ratio of 1.69.

Enghouse Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.26 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.89%. Enghouse Systems’s dividend payout ratio is presently 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.