Open Text (TSE:OTEX) Shares Pass Below Fifty Day Moving Average – What’s Next?

Posted by Stanley Muller on Jun 9th, 2026

Open Text Co. (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$31.57 and traded as low as C$31.22. Open Text shares last traded at C$31.40, with a volume of 1,511,273 shares.

Analysts Set New Price Targets

Separately, TD decreased their target price on Open Text from C$28.00 to C$27.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$27.50.

View Our Latest Stock Report on Open Text

Open Text Price Performance

The company has a market capitalization of C$7.62 billion, a PE ratio of 15.24, a PEG ratio of 1.35 and a beta of 1.25. The firm has a fifty day moving average of C$31.57 and a two-hundred day moving average of C$36.72. The company has a current ratio of 0.92, a quick ratio of 1.34 and a debt-to-equity ratio of 161.91.

Open Text (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) last issued its earnings results on Thursday, May 7th. The company reported C$1.40 earnings per share for the quarter. Open Text had a return on equity of 12.88% and a net margin of 9.89%.The company had revenue of C$1.78 billion during the quarter. Research analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current fiscal year.

Insiders Place Their Bets

In other Open Text news, insider Paul Michael Duggan sold 4,624 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$33.70, for a total value of C$155,828.80. Following the completion of the sale, the insider owned 13,790 shares in the company, valued at approximately C$464,723. This trade represents a 25.11% decrease in their position. In the last three months, insiders sold 13,870 shares of company stock valued at $456,046. Company insiders own 2.11% of the company’s stock.

Open Text Company Profile

(Get Free Report)

OpenText¿ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.