Enghouse Systems (TSE:ENGH) Hits New 12-Month Low – Here’s Why

Shares of Enghouse Systems Limited (TSE:ENGH) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$17.53 and last traded at C$17.66, with a volume of 483558 shares changing hands. The stock had previously closed at C$18.51.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ENGH shares. Royal Bank Of Canada reduced their price objective on Enghouse Systems from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 17th. UBS Group cut their price target on shares of Enghouse Systems from C$22.00 to C$20.00 in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Enghouse Systems has a consensus rating of “Reduce” and a consensus price target of C$22.33.

Enghouse Systems Trading Down 4.6%

The firm has a fifty day moving average of C$19.88 and a 200 day moving average of C$20.93. The firm has a market capitalization of C$966.97 million, a PE ratio of 13.18, a P/E/G ratio of -4.19 and a beta of -0.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81.

Enghouse Systems (TSE:ENGH) last issued its quarterly earnings data on Monday, December 15th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$124.48 million during the quarter. Enghouse Systems had a net margin of 16.18% and a return on equity of 14.08%. Equities research analysts expect that Enghouse Systems Limited will post 1.6991295 EPS for the current year.

Enghouse Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.20 annualized dividend and a yield of 6.8%. Enghouse Systems’s payout ratio is 83.58%.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.