Evertz Technologies (TSE:ET) Hits New 1-Year High – Should You Buy?

Evertz Technologies Limited (TSE:ET)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.07 and last traded at C$16.92, with a volume of 9119 shares. The stock had previously closed at C$16.79.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ET shares. 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 report on Tuesday, March 3rd. Raymond James Financial boosted their target price on shares of Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.00.

Evertz Technologies Price Performance

The stock has a fifty day moving average price of C$16.32 and a 200-day moving average price of C$15.19. The firm has a market capitalization of C$1.28 billion, a PE ratio of 20.96, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.68 and a current ratio of 1.65.

Evertz Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were issued a $0.205 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.8%. Evertz Technologies’s dividend payout ratio (DPR) is currently 99.38%.

Insider Activity

In other news, Director Rakesh Thakor Patel sold 22,200 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of C$16.70, for a total transaction of C$370,740.00. Following the transaction, the director directly 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.

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.