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Macquarie downgraded Open Text (NASDAQ:OTEX) from Neutral to Underperform in a statement released earlier today.

Boasting a price of $34.98, Open Text (NASDAQ:OTEX) traded -0.21% lower on the day. The last stock close price is up 3.22% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.01% over the same time period. The company has recorded a 50-day moving average of $32.60 and a 200-day moving average of $32.74. 716,611 shares of the stock were exchanged, up from an average trading volume of 469,348

Macquarie has downgraded Open Text (NASDAQ:OTEX) from Neutral to Underperform in a statement released on 11/23/2017.

Performance Chart

Open Text (NASDAQ:OTEX)

With a total market value of $0, Open Text has PE ratio of 8.43 with a 52 week low of $29.30 and a 52 week high of $35.21 .

A total of 14 firms have released a research note on OTEX. zero equity analysts rating the company a strong buy, eleven analysts rating the company a buy, three analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $61.00.

Brief Synopsis On Open Text (NASDAQ:OTEX)

Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.

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