Evertz Technologies (TSE:ET) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of 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$13.92 and traded as high as C$16.15. Evertz Technologies shares last traded at C$16.15, with a volume of 2,733 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. BMO Capital Markets boosted their price objective on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.00.

Evertz Technologies Price Performance

The company has a market capitalization of C$1.22 billion, a P/E ratio of 19.94, a PEG ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66. The business has a 50 day simple moving average of C$15.57 and a 200-day simple moving average of C$13.92.

Evertz Technologies (TSE:ET) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$139.33 million during the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. Analysts predict that Evertz Technologies Limited will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were paid a $0.205 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.1%. Evertz Technologies’s dividend payout ratio (DPR) is presently 99.38%.

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. More than half of the firm’s revenue is generated in the United States.