Evertz Technologies (TSE:ET) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Evertz Technologies Limited (TSE:ET) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.53 and traded as high as C$16.08. Evertz Technologies shares last traded at C$16.08, with a volume of 32,362 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ET. Raymond James Financial boosted their price target on shares of Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. Royal Bank Of Canada lifted their price objective on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Price Performance

The firm has a market capitalization of C$1.21 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.68. The company has a current ratio of 1.65, a quick ratio of 0.68 and a debt-to-equity ratio of 7.66. The firm has a 50 day moving average price of C$16.19 and a 200-day moving average price of C$14.53.

Evertz Technologies (TSE:ET) last released its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.The firm had revenue of C$139.33 million for the quarter. On average, analysts expect that Evertz Technologies Limited will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were given a dividend of $0.205 per share. The ex-dividend date was Friday, March 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.1%. Evertz Technologies’s payout ratio is 99.38%.

Insider Buying and Selling at Evertz Technologies

In other news, Director Rakesh Thakor Patel sold 22,200 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were 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 in the company, valued at approximately C$6,652,445. This trade represents a 5.28% decrease in their position. Corporate 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.