Evertz Technologies (TSE:ET) Stock Price Passes Above Two Hundred Day Moving Average of $14.04

Shares of Evertz Technologies Limited (TSE:ETGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.04 and traded as high as C$14.50. Evertz Technologies shares last traded at C$14.36, with a volume of 4,225 shares.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reduced their target price on shares of Evertz Technologies from C$17.50 to C$16.00 in a report on Saturday, June 25th.

Evertz Technologies Stock Down 1.2 %

The firm has a market cap of C$1.09 billion and a P/E ratio of 15.28. The company has a debt-to-equity ratio of 12.96, a quick ratio of 0.85 and a current ratio of 1.97. The firm’s fifty day moving average is C$13.87 and its 200 day moving average is C$14.04.

Evertz Technologies (TSE:ETGet Rating) last announced its earnings results on Thursday, June 23rd. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.08. The company had revenue of C$116.09 million for the quarter. As a group, equities research analysts anticipate that Evertz Technologies Limited will post 0.94 earnings per share for the current fiscal year.

Evertz Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Tuesday, July 5th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Monday, July 4th. Evertz Technologies’s dividend payout ratio is currently 76.60%.

Evertz Technologies Company Profile

(Get Rating)

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, accessories, and network management systems.

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