Evertz Technologies Limited (TSE:ET – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.70 and traded as high as C$14.14. Evertz Technologies shares last traded at C$13.66, with a volume of 21,813 shares trading hands.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets increased their price target on Evertz Technologies from C$16.00 to C$17.00 in a report on Friday, March 15th.
View Our Latest Stock Report on ET
Evertz Technologies Trading Down 2.1 %
Evertz Technologies (TSE:ET – Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.21 by C$0.03. Evertz Technologies had a net margin of 14.37% and a return on equity of 30.20%. The firm had revenue of C$135.28 million during the quarter. Equities analysts forecast that Evertz Technologies Limited will post 1.0944822 earnings per share for the current year.
Evertz Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $0.195 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.78 annualized dividend and a dividend yield of 5.71%. Evertz Technologies’s dividend payout ratio is presently 80.41%.
About Evertz Technologies
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 and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.
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