Enghouse Systems (TSE:ENGH) Reaches New 12-Month Low – Should You Sell?

Enghouse Systems Limited (TSE:ENGH)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$27.00 and last traded at C$27.08, with a volume of 18317 shares changing hands. The stock had previously closed at C$27.21.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. CIBC reduced their target price on Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday. Royal Bank of Canada reduced their price target on shares of Enghouse Systems from C$43.00 to C$40.00 in a research note on Monday. Finally, TD Securities lowered their price objective on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research report on Monday.

Enghouse Systems Price Performance

The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.84 and a current ratio of 1.69. The firm has a fifty day simple moving average of C$30.21 and a 200 day simple moving average of C$30.23. The company has a market capitalization of C$1.50 billion, a PE ratio of 17.82, a P/E/G ratio of -4.19 and a beta of 0.67.

Enghouse Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 3.84%. Enghouse Systems’s dividend payout ratio is currently 68.42%.

Insider Activity at Enghouse Systems

In other news, Senior Officer Vincent Mifsud sold 83,800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. 21.95% of the stock is currently owned by corporate insiders.

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.