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

Enghouse Systems Limited (TSE:ENGH)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$25.95 and last traded at C$26.02, with a volume of 33050 shares traded. The stock had previously closed at C$26.28.

Wall Street Analyst Weigh In

ENGH has been the subject of several research reports. Royal Bank of Canada dropped their price target on Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday, December 16th. CIBC reduced their target price on shares of Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th. Finally, TD Securities lowered 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 report on Monday, December 16th.

Enghouse Systems Trading Up 0.2 %

The company has a market capitalization of C$1.46 billion, a PE ratio of 18.06, a PEG ratio of -4.19 and a beta of 0.67. The company has a fifty day simple moving average of C$27.27 and a 200-day simple moving average of C$29.35. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86.

Enghouse Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, February 14th. Enghouse Systems’s dividend payout ratio is currently 71.32%.

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.