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

Enghouse Systems Limited (TSE:ENGH)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$22.61 and last traded at C$22.61, with a volume of 7579 shares. The stock had previously closed at C$22.64.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENGH. Royal Bank Of Canada decreased their price objective on Enghouse Systems from C$30.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Monday, June 9th. CIBC reduced their target price on Enghouse Systems from C$30.00 to C$25.50 and set a “neutral” rating on the stock in a research report on Monday, June 9th.

Enghouse Systems Stock Up 0.9%

The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. The firm’s 50-day moving average is C$25.03 and its 200 day moving average is C$26.14.

Enghouse Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This is a positive change from Enghouse Systems’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 5.21%. Enghouse Systems’s dividend payout ratio is currently 71.32%.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.