Open Text (TSE:OTEX) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$41.14 and traded as high as C$41.52. Open Text shares last traded at C$41.37, with a volume of 467,158 shares changing hands.

Open Text Price Performance

The company has a market cap of C$11.10 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.35 and a beta of 1.12. The company has a 50-day simple moving average of C$41.16 and a 200-day simple moving average of C$42.59. The company has a debt-to-equity ratio of 159.37, a quick ratio of 1.34 and a current ratio of 0.81.

Insider Buying and Selling

In other Open Text news, Director Mark James Barrenechea sold 60,536 shares of Open Text stock in a transaction dated 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 stock was sold at an average price of C$39.98, for a total value of C$52,415.56. 2.11% of the stock is currently owned by corporate insiders.

About Open Text

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.