Evertz Technologies (TSE:ET) Stock Price Passes Above Two Hundred Day Moving Average of $13.81

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.81 and traded as high as C$13.98. Evertz Technologies shares last traded at C$13.84, with a volume of 6,912 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their price target on shares of Evertz Technologies from C$16.00 to C$17.00 in a research note on Friday, March 15th.

Evertz Technologies Stock Performance

The stock has a market cap of C$1.05 billion, a P/E ratio of 14.27, a PEG ratio of 0.79 and a beta of 0.82. The stock has a fifty day simple moving average of C$14.31 and a 200-day simple moving average of C$13.81. The company has a debt-to-equity ratio of 8.63, a quick ratio of 0.68 and a current ratio of 2.05.

Evertz Technologies (TSE:ET) last announced its earnings results on Thursday, March 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.03. The business had revenue of C$135.28 million for the quarter. Evertz Technologies had a return on equity of 30.20% and a net margin of 14.37%. On average, equities analysts expect that Evertz Technologies Limited will post 1.0945946 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Wednesday, March 20th. Evertz Technologies’s payout ratio is 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.