Enghouse Systems (TSE:ENGH) Stock Price Down 1.8% – What’s Next?

Enghouse Systems Limited (TSE:ENGH)’s share price dropped 1.8% on Friday . The stock traded as low as C$25.66 and last traded at C$25.73. Approximately 51,381 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 98,890 shares. The stock had previously closed at C$26.21.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut Enghouse Systems from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$3,800.00 to C$3,300.00 in a research report on Friday, March 28th.

Enghouse Systems Stock Performance

The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. The stock has a market cap of C$1.43 billion, a PE ratio of 17.65, a P/E/G ratio of -4.19 and a beta of 0.67. The firm’s 50-day moving average is C$25.31 and its 200 day moving average is C$27.30.

Enghouse Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.30 per share. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 4.66%. Enghouse Systems’s dividend payout ratio is 71.32%.

About Enghouse Systems

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.