Evertz Technologies (TSE:ET) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.92 and traded as high as C$16.15. Evertz Technologies shares last traded at C$16.15, with a volume of 2,733 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ET. Royal Bank Of Canada increased their price objective on Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 3rd. BMO Capital Markets boosted their target price on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Finally, Raymond James Financial raised their target price on Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Evertz Technologies has an average rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Price Performance

The firm has a market capitalization of C$1.22 billion, a PE ratio of 19.94, a PEG ratio of 0.79 and a beta of 0.83. The business’s fifty day moving average price is C$15.61 and its 200 day moving average price is C$13.95. The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66.

Evertz Technologies (TSE:ET) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share (EPS) for the quarter. The firm had revenue of C$139.33 million for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%. On average, equities research analysts forecast that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Friday, March 13th. Evertz Technologies’s dividend payout ratio (DPR) is 99.38%.

About Evertz Technologies

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. More than half of the firm’s revenue is generated in the United States.