Enghouse Systems (TSE:ENGH) Reaches New 12-Month Low – Here’s What Happened

Shares of Enghouse Systems Limited (TSE:ENGH) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$26.45 and last traded at C$26.62, with a volume of 38437 shares trading hands. The stock had previously closed at C$26.78.

Analyst Ratings Changes

A number of research firms recently commented on ENGH. Royal Bank of Canada decreased their target price on shares of Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday, December 16th. TD Securities lowered their price objective on Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research report on Monday, December 16th. Finally, CIBC reduced their target price on Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th.

Enghouse Systems Trading Down 1.4 %

The stock has a market cap of C$1.48 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The company has a 50 day moving average of C$28.93 and a two-hundred day moving average of C$30.07. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.84 and a current ratio of 1.69.

Enghouse Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, November 15th. Enghouse Systems’s payout ratio is 68.42%.

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.