Enghouse Systems (TSE:ENGH) Hits New 52-Week Low – Should You Sell?

Enghouse Systems Limited (TSE:ENGH)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$24.98 and last traded at C$25.00, with a volume of 6834 shares traded. The stock had previously closed at C$25.35.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada downgraded Enghouse Systems from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$3,800.00 to C$3,300.00 in a report on Friday. TD Securities dropped their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research note on Monday, December 16th. Finally, CIBC reduced their price objective on shares of Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday, December 16th.

Enghouse Systems Stock Performance

The firm has a fifty day simple moving average of C$26.85 and a 200 day simple moving average of C$28.77. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 17.65, a PEG ratio of -4.19 and a beta of 0.67.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.04%. Enghouse Systems’s dividend payout ratio (DPR) is presently 71.32%.

About Enghouse Systems

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.