Evertz Technologies (TSE:ET) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Evertz Technologies Limited (TSE:ET) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.12 and traded as high as C$12.81. Evertz Technologies shares last traded at C$12.59, with a volume of 19,882 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada set a C$12.00 price objective on shares of Evertz Technologies and gave the stock a “hold” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.75.

Evertz Technologies Trading Down 2.6%

The firm has a market capitalization of C$949.40 million, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.46. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The company’s 50-day simple moving average is C$12.38 and its 200 day simple moving average is C$12.12.

Evertz Technologies (TSE:ET) last issued its quarterly earnings data on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. The firm had revenue of C$112.15 million for the quarter. Evertz Technologies had a net margin of 11.71% and a return on equity of 22.13%. As a group, sell-side analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, September 18th. Evertz Technologies’s payout ratio is currently 100.63%.

Evertz Technologies Company Profile

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments.