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

Enghouse Systems Limited (TSE:ENGH) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$16.87 and last traded at C$17.03, with a volume of 499035 shares. The stock had previously closed at C$17.26.

Wall Street Analysts Forecast Growth

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

Enghouse Systems Stock Down 1.3%

The stock has a market cap of C$930.72 million, a PE ratio of 12.71, a price-to-earnings-growth ratio of -4.19 and a beta of -0.25. The business has a 50-day moving average price of C$19.38 and a 200-day moving average price of C$20.52. 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 (TSE:ENGH) last announced its quarterly earnings data on Monday, December 15th. The company reported C$0.39 earnings per share for the quarter. The company had revenue of C$124.48 million for the quarter. Enghouse Systems had a return on equity of 14.08% and a net margin of 16.18%. As a group, analysts forecast that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 7.0%. Enghouse Systems’s dividend payout ratio is 83.58%.

About Enghouse Systems

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.