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

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$43.83 and traded as high as C$47.13. Open Text shares last traded at C$46.83, with a volume of 244,921 shares trading hands.

Open Text Stock Performance

The stock’s 50-day moving average is C$43.98 and its 200 day moving average is C$43.68. 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 firm has a market cap of C$12.59 billion, a P/E ratio of 19.90, a PEG ratio of 1.35 and a beta of 1.12.

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.