Evertz Technologies (TSE:ET) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.73 and traded as high as C$12.37. Evertz Technologies shares last traded at C$12.18, with a volume of 16,262 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on ET. Raymond James Financial reduced their target price on Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets reduced their price objective on shares of Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th.

Evertz Technologies Price Performance

The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The firm has a market cap of C$932.92 million, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company’s 50-day moving average is C$11.52 and its 200-day moving average is C$11.73.

Insider Activity at Evertz Technologies

In related news, Senior Officer Douglas Moore acquired 5,000 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of C$9.73 per share, for a total transaction of C$48,652.00. 64.40% of the stock is currently owned by insiders.

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.