Evertz Technologies (TSE:ET) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Evertz Technologies Limited (TSE:ET) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.30 and traded as high as C$13.55. Evertz Technologies shares last traded at C$13.55, with a volume of 9,699 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada set a C$12.00 price target on Evertz Technologies and gave the stock a “hold” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Evertz Technologies presently has an average rating of “Moderate Buy” and a consensus target price of C$13.75.

Evertz Technologies Stock Performance

The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 17.15, a PEG ratio of 0.79 and a beta of 0.46. The business has a 50-day moving average price of C$12.65 and a 200 day moving average price of C$12.30.

Evertz Technologies (TSE:ET) last posted its quarterly earnings data on Wednesday, September 10th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$112.15 million during the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%. As a group, sell-side analysts forecast that Evertz Technologies Limited will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, September 18th. Evertz Technologies’s payout ratio is currently 100.63%.

Evertz Technologies Company Profile

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments.