Open Text (TSE:OTEX) Reaches New 1-Year Low – Here’s Why

Open Text Co. (TSE:OTEXGet Free Report) (NASDAQ:OTEX)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$35.42 and last traded at C$36.18, with a volume of 239037 shares trading hands. The stock had previously closed at C$36.17.

Open Text Stock Performance

The company has a quick ratio of 1.34, a current ratio of 0.87 and a debt-to-equity ratio of 157.46. The company has a market cap of C$6.86 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company’s 50-day moving average is C$39.11 and its two-hundred day moving average is C$41.41.

Open Text Company Profile

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Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada’s University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.

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