Open Text (TSE:OTEX) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.62 and traded as low as C$40.27. Open Text shares last traded at C$40.52, with a volume of 491,521 shares trading hands.

Open Text Trading Down 0.9 %

The stock has a market cap of C$10.77 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 159.37, a quick ratio of 1.34 and a current ratio of 0.81. The company has a 50 day moving average of C$41.22 and a 200-day moving average of C$42.60.

Insider Activity

In other news, Director Mark James Barrenechea sold 60,536 shares of Open Text stock in a transaction on Monday, November 4th. The shares were sold at an average price of C$39.98, for a total transaction of C$2,420,311.61. Also, Senior Officer Michael Fernando Acedo sold 1,311 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of C$39.98, for a total value of C$52,415.56. Insiders own 2.11% of the company’s stock.

Open Text Company Profile

Open Text Corporation engages in the provision of information management products and services. The company offers content services, including content collaboration and intelligent capture to records management, collaboration, e-signatures, and archiving; and operates experience cloud platform that provides customer experience and web content management, digital asset management, customer analytics, AI and insights, e-discovery, digital fax, omnichannel communications, secure messaging, and voice of customer, as well as customer journey, testing, and segmentation.