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

Shares of Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$42.51 and traded as low as C$41.98. Open Text shares last traded at C$42.00, with a volume of 556,888 shares traded.

Open Text Trading Down 1.3 %

The company has a current ratio of 0.81, a quick ratio of 1.34 and a debt-to-equity ratio of 159.37. The stock has a 50-day simple moving average of C$43.47 and a 200 day simple moving average of C$42.52. The company has a market cap of C$11.26 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.35 and a beta of 1.12.

Insider Transactions at Open Text

In related news, Director Mark James Barrenechea sold 60,536 shares of the business’s stock in a transaction on Monday, November 4th. The shares were 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 company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of C$39.98, for a total transaction of C$52,415.56. Company insiders own 2.11% of the company’s stock.

Open Text Company Profile

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.