Eye Catching Stock: Open Text Corporation (NASDAQ:OTEX, TSX:OTEX)

Open Text Corporation (NASDAQ:OTEX, TSX:OTEX) changed 2.00% to recent value of $40.33. The stock transacted 1126992 shares during most recent day however it has an average volume of 664.78K shares. It spotted trading -9.35% off 52-week high price. On the other end, the stock has been noted 30.14% away from the low price over the last 52-weeks.

 On Sept. 04, 2019, Open Text Corporation (NASDAQ:OTEX, TSX:OTEX) confirmed  that each of the proposals submitted to a vote by shareholders at its Annual and Special Meeting of Shareholders (the Meeting) held earlier  in Waterloo, Ontario was approved, including the election of the eleven nominee directors listed in its management proxy circular dated August 2, 2019. The detailed results of the vote for the election of directors at the Meeting are set out below. Shareholders holding 213,540,409 common shares representing 79.09% of the outstanding common shares were present in person or by proxy at the Meeting.

 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 9.00%.

 The company has 268.57M 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 4.70% from the mean of 20 days, -0.95% from mean of 50 days SMA and performed 6.18% from mean of 200 days price. Company’s performance for the week was 4.45%, 7.46% for month and YTD performance remained 23.71%.

Adam Rice reports about Business category. Before joining Technologymalt.com, he worked as a news reporter for other publications, covering technology and health reporting. He earned his Master’s at School of Journalism, where he worked as a news reporter besides learning pertinent skills in magazine editing and interactive production. Adam worked as a reporter for an online news publication in China for two years, covering general city news; he also used to work for an international travel agency before pursuing a career in journalism. In his free time, Adam enjoys outdoor recreation, following sports of all kinds.

He can be reached email at Adam@technologymalt.com

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