Evertz Technologies (TSE:ET) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$15.19 and traded as high as C$16.89. Evertz Technologies shares last traded at C$16.79, with a volume of 55,232 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ET shares. Royal Bank Of Canada increased their price objective on 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. Raymond James Financial increased their price objective on Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$16.00.

Evertz Technologies Stock Down 2.9%

The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The firm has a 50 day simple moving average of C$16.35 and a 200-day simple moving average of C$15.25.

Evertz Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were paid a $0.205 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.82 dividend on an annualized basis and a yield of 4.9%. Evertz Technologies’s payout ratio is currently 99.38%.

Insider Buying and Selling

In other Evertz Technologies news, Director Rakesh Thakor Patel sold 22,200 shares of the business’s stock in a transaction 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 transaction, the director owned 398,350 shares of the company’s stock, valued at approximately C$6,652,445. The trade was a 5.28% decrease in their ownership of the stock. 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.