Enghouse Systems (TSE:ENGH) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Enghouse Systems Limited (TSE:ENGH) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$17.09 and traded as low as C$15.55. Enghouse Systems shares last traded at C$15.61, with a volume of 183,747 shares traded.

Wall Street Analyst Weigh In

ENGH has been the subject of several research analyst reports. TD Securities decreased their price target on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. Canadian Imperial Bank of Commerce dropped their price objective on Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada reduced their target price on Enghouse Systems from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, June 11th. Finally, TD decreased their target price on Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating for the company in a research note on Thursday, June 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Enghouse Systems currently has a consensus rating of “Hold” and a consensus price target of C$17.60.

Enghouse Systems Stock Performance

The stock has a fifty day simple moving average of C$17.06 and a 200-day simple moving average of C$17.98. The stock has a market cap of C$849.82 million, a P/E ratio of 11.84, a PEG ratio of -4.19 and a beta of 0.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.84 and a current ratio of 1.77.

Enghouse Systems (TSE:ENGH) last issued its quarterly earnings results on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$114.28 million for the quarter. Enghouse Systems had a return on equity of 11.97% and a net margin of 14.88%. On average, equities analysts expect that Enghouse Systems Limited will post 1.6991295 earnings per share for the current year.

Enghouse Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were given a dividend of $0.31 per share. This is an increase from Enghouse Systems’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.24 dividend on an annualized basis and a yield of 7.9%. Enghouse Systems’s payout ratio is currently 90.91%.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.