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

Evertz Technologies Limited (TSE:ET)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.00 and traded as high as C$16.46. Evertz Technologies shares last traded at C$16.31, with a volume of 2,926 shares.

Analyst Ratings Changes

ET has been the subject of a number of recent research reports. Royal Bank Of Canada upped their price target on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 3rd. Raymond James Financial upped their price target on Evertz Technologies from C$14.00 to C$18.00 in a research report 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.

Evertz Technologies Trading Down 0.9%

The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 0.79 and a beta of 0.71. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.68 and a current ratio of 1.65. The firm has a fifty day moving average price of C$16.28 and a 200 day moving average price of C$15.00.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$139.33 million during the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%. As a group, equities analysts predict that Evertz Technologies Limited will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, March 13th. 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 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 completion of the sale, 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 position. 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.