Evertz Technologies (TSE:ET) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.62 and traded as high as C$12.15. Evertz Technologies shares last traded at C$11.98, with a volume of 23,348 shares changing hands.

Evertz Technologies Price Performance

The firm’s 50-day moving average price is C$12.15 and its 200-day moving average price is C$11.62. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The stock has a market capitalization of C$917.60 million, a PE ratio of 15.85, a PEG ratio of 0.79 and a beta of 0.86.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.7%. Evertz Technologies’s dividend payout ratio is 103.22%.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.