Open Text (TSE:OTEX) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Posted by Brian Himes on Jul 11th, 2026

Open Text Co. (TSE:OTEX – Get Free Report) (NASDAQ:OTEX) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$31.66 and traded as high as C$33.61. Open Text shares last traded at C$32.54, with a volume of 1,120,816 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD lowered their price target on Open Text from C$28.00 to C$27.00 and set a “hold” rating on the stock in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$27.50.

Check Out Our Latest Stock Report on Open Text

Open Text Stock Down 0.0%

The company has a quick ratio of 1.34, a current ratio of 0.92 and a debt-to-equity ratio of 161.91. The company has a market capitalization of C$7.90 billion, a PE ratio of 15.80, a PEG ratio of 1.35 and a beta of 1.28. The company’s 50 day moving average is C$31.66 and its two-hundred day moving average is C$34.19.

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

Insider Activity at Open Text

In related 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 transaction of C$155,828.80. Following the completion of the transaction, the insider directly owned 13,790 shares of the company’s stock, valued at approximately C$464,723. This represents a 25.11% decrease in their ownership of the stock. Insiders sold 13,870 shares of company stock valued at $456,046 in the last quarter. 2.11% of the stock is currently owned by insiders.

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.