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Closing Bell: Open Text Corp down on Friday (OTEX)

Automated Summaries - The Globe and Mail - Fri Aug 2, 4:01PM CDT

Today in trading, shares of Open Text Corp opened at $40.18 and closed at $39.51. It traded at a low of $38.56 to a high of $40.99.

Share prices dipped -6.53% from the previous day's close of $42.27.

Today across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.37% at 5446.68, the Dow Jones Industrial Average closed -1.21% at 40347.97 and the Nasdaq Composite closed -2.30% at 17194.15.

Open Text Corp has listed on the Toronto Stock Exchange (TSX) under the ticker OTEX.

Trading volume was 1,107,808 on 6,043 total trades, with an average volume of 573,636 over 5 days.

The TSX market on the whole today saw 741 price advancers against 4,512 declines and 69 unchanged.

During the prior 52 weeks, OTEX.TO has traded as high as $60.00 (February 02,2024) and low as $37.92 (June 04,2024). Moreover, the shares have dipped -27.54 percent in the last year, while they have shrunken -29.05% year-to-date.

It announced a 0.25 dividend on May 03/24, with an May 31/24 ex-date and June 18/24 pay day.

Following today's trading, Open Text Corp has a market capitalization of $11.39 billion on a float of 269,492 shares outstanding. Its annual EPS is $0.62.

Open Text Corp is a TSX Software company headquartered in Waterloo, CAN.

Open Text Corp is holding an average recommendation of "Moderate Buy" from 10.00 analysts according to Zacks. From those 10 analysts, 5 have buy ratings and 5 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..