Evertz Technologies (TSE:ET) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.17 and traded as high as C$16.59. Evertz Technologies shares last traded at C$16.51, with a volume of 24,452 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their target price on Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Evertz Technologies Price Performance

The company has a current ratio of 1.63, a quick ratio of 0.68 and a debt-to-equity ratio of 6.93. The business’s fifty day moving average is C$16.82 and its 200 day moving average is C$16.17. The company has a market cap of C$1.25 billion, a P/E ratio of 19.89, a PEG ratio of 0.79 and a beta of 0.75.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, June 24th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$131.57 million during the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%. As a group, sell-side analysts anticipate that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 13th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, July 6th. Evertz Technologies’s payout ratio is currently 97.59%.

Evertz Technologies Company Profile

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.