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

Today in trading, Open Text Corp shares closed at $39.51 after opening the day at $40.18. prices ranged from $38.56 to $40.99.

Share prices eased -6.53 percent 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 -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

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

A total of 1,107,808 shares was traded during the session, with total trades of 6,043, with an average volume of 573,636 in the last five days.

The TSX overall saw 432 price advancers against 4,843 declines and 43 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 shrunken -27.54 percent in the last 52 weeks, while this year, they have dipped -29.05%.

It announced a 0.26 dividend on July 31/24, with an August 30/24 ex-date and September 20/24 pay day.

Following today's trading, Open Text Corp has a market capitalization of $10.60 billion on a float of 268,190 shares outstanding. Its annual EPS is $1.71.

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

Currently, Open Text Corp's consensus rating is "Moderate Buy" based on 10 analysts according to Zacks. Currently, there are 4 buy ratings and 6 hold ratings for the stock.

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..