Evertz Technologies (TSE:ET) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Evertz Technologies Limited (TSE:ET) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.95 and traded as high as C$16.75. Evertz Technologies shares last traded at C$16.64, with a volume of 22,554 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their target price on Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Two 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, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Evertz Technologies Price Performance

The firm has a market cap of C$1.26 billion, a P/E ratio of 20.05, a P/E/G ratio of 0.79 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 1.63 and a debt-to-equity ratio of 6.93. The business’s 50 day moving average is C$16.82 and its two-hundred day moving average is C$15.95.

Evertz Technologies (TSE:ET) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C$0.20 earnings per share for the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%.The firm had revenue of C$131.57 million during the quarter. As a group, analysts anticipate that Evertz Technologies Limited will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Monday, July 13th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, July 6th. Evertz Technologies’s payout ratio is presently 97.59%.

About Evertz Technologies

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.