Worth Watching news for Traders: Open Text Corporation (NASDAQ:OTEX)

Open Text Corporation (NASDAQ:OTEX) changed 1.53% to recent value of $40.49. The stock transacted 272120 shares during most recent day however it has an average volume of 556.63K shares. It spotted trading -8.99% off 52-week high price. On the other end, the stock has been noted 30.66% away from the low price over the last 52-weeks.

On Oct. 9, 2019, Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) reported that financial results for its first quarter fiscal year 2020 will be released on Thursday, October 31, 2019 at approximately 4:00 p.m. ET.

OTEX has a gross margin of 67.60% and an operating margin of 19.80% while its profit margin remained 10.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 8.30% for this year while earning per share for the next 5-years is expected to reach at 4.20%.

The company has 266.97M of outstanding shares and 265.09M shares were floated in the market. According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.52% from the mean of 20 days, 1.50% from mean of 50 days SMA and performed 4.08% from mean of 200 days price. Company’s performance for the week was 2.22%, -1.15% for month and YTD performance remained 24.20%.

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