Evertz Technologies (TSE:ET) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Evertz Technologies Limited (TSE:ET)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.26 and traded as high as C$16.53. Evertz Technologies shares last traded at C$16.48, with a volume of 11,099 shares trading hands.

Wall Street Analysts Forecast Growth

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

Evertz Technologies Price Performance

The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 0.79 and a beta of 0.75. The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.68 and a current ratio of 1.63. The company has a fifty day simple moving average of C$16.83 and a two-hundred day simple moving average of C$16.26.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, June 24th. The company reported C$0.20 earnings per share for the quarter. The firm 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, equities research analysts expect that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Dividend Announcement

The business also recently declared 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 of this dividend was Monday, July 6th. Evertz Technologies’s payout ratio is 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.