Stock in News Spotlight: Open Text Corporation (NASDAQ:OTEX)

On Monday, Open Text Corporation (NASDAQ:OTEX) has shown upward/downward moved of -0.82% and ended the last trade at $41.05. The trading volume was recorded to 397,180 shares as compared to average traded volume of 592,229 shares.

OpenText™ (OTEX) recently reported Gordon A. Davies, Executive Vice President, Chief Legal Officer and Corporate Development, has received the prestigious Chambers GC Influencers award, highlighting pioneers among the in-house legal community.

“On behalf of OpenText, let me extend my congratulations to Gordon and his team on this important recognition from the Canadian legal community,” stated Mark J. Barrenechea, OpenText CEO & CTO. “Under his leadership, our legal and corporate development team has evolved into a world-class organization, recognized for their delivery of excellence and upper quartile results. Gordon and his team are truly deserving of this recognition.”

Gordon A. Davies joined OpenText as Chief Legal Officer in September 2009. Gordon also serves as the Company’s Chief Compliance Officer. Gordon leads Corporate Development strategy at OpenText and has oversight of one of the most active and ambitious deal teams in the technology sector.

The corporation has PEG ratio of 9.24 and price to cash ratio of 11.72. The stock price switched up 1.86% 20-Days Simple Moving Average added 1.27% from 50-Days Simple Moving Average and rose 6.70% from 200 Days Simple Moving Average.

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