Enghouse Systems (TSE:ENGH) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Enghouse Systems Limited (TSE:ENGH) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$17.09 and traded as low as C$15.55. Enghouse Systems shares last traded at C$15.61, with a volume of 183,747 shares.

Analysts Set New Price Targets

A number of analysts recently weighed in on ENGH shares. TD Securities lowered their price target on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. Royal Bank Of Canada reduced their price objective on Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce decreased their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Finally, TD lowered their target price on Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating for the company in a research note on Thursday, June 11th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$17.60.

Enghouse Systems Stock Performance

The stock’s 50 day moving average is C$17.09 and its two-hundred day moving average is C$18.00. The firm has a market capitalization of C$848.73 million, a P/E ratio of 11.83, a P/E/G ratio of -4.19 and a beta of 0.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.77 and a quick ratio of 1.84.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings data on Tuesday, June 9th. The company reported C$0.30 earnings per share (EPS) for the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. The firm had revenue of C$114.28 million for the quarter. As a group, equities analysts anticipate that Enghouse Systems Limited will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a $0.31 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 7.9%. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.30. Enghouse Systems’s dividend payout ratio is 90.91%.

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.