Evertz Technologies (TSE:ET) Hits New 1-Year Low – Time to Sell?

Shares of Evertz Technologies Limited (TSE:ET) hit a new 52-week low during trading on Wednesday . The company traded as low as C$10.87 and last traded at C$10.87, with a volume of 13767 shares changing hands. The stock had previously closed at C$10.96.

Wall Street Analyst Weigh In

A number of analysts have commented on ET shares. Canaccord Genuity Group upped their price target on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets reduced their target price on shares of Evertz Technologies from C$15.00 to C$13.50 in a report on Thursday, March 6th. Finally, Raymond James reduced their target price on shares of Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, March 6th.

Evertz Technologies Stock Performance

The stock has a market capitalization of C$832.58 million, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The business’s fifty day moving average is C$12.11 and its two-hundred day moving average is C$12.21. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Thursday, March 13th. Evertz Technologies’s payout ratio is 103.22%.

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.