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

In trading today, shares of Open Text Corp opened at $43.43 and closed at $42.27. Intraday prices ranged from a low of $42.10 to a high of $43.69.

Share prices dipped -2.87% from the previous day's close of $43.52.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

Open Text Corp traded under OTEX on the Toronto Stock Exchange (TSX).

A total of 474,008 shares was traded during the session, with total trades of 3,605, with an average volume of 410,236 over the last 5 days.

The TSX market on the whole today saw 907 price advancers against 4,327 declines and 72 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, in the last 52 weeks, Open Text Corp's shares have shrunken -25.00%, while this year, they have eased -24.10%.

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 $11.73 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.

Based on 10.00 analysts, Open Text Corp gets an average recommendation of "Moderate Buy" 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..