Evertz Technologies (TSE:ET) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.85 and traded as high as C$16.24. Evertz Technologies shares last traded at C$15.98, with a volume of 6,776 shares trading hands.

Analyst Upgrades and Downgrades

ET has been the subject of several recent research reports. Raymond James Financial increased their price target on Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. Royal Bank Of Canada upped 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Evertz Technologies currently has an average rating of “Moderate Buy” and a consensus target price of C$16.00.

Evertz Technologies Stock Up 0.3%

The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66. The firm has a 50 day simple moving average of C$16.25 and a 200-day simple moving average of C$14.88. The stock has a market cap of C$1.21 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.79 and a beta of 0.71.

Evertz Technologies (TSE:ET) last posted its earnings results on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.The company had revenue of C$139.33 million for the quarter. 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 announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.1%. Evertz Technologies’s dividend payout ratio is presently 99.38%.

Insider Activity at Evertz Technologies

In other news, Director Rakesh Thakor Patel sold 22,200 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of C$16.70, for a total value of C$370,740.00. Following the transaction, the director owned 398,350 shares of the company’s stock, valued at approximately C$6,652,445. This represents a 5.28% decrease in their ownership of the stock. Insiders own 64.40% of the company’s stock.

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