Evertz Technologies (TSE:ET) Hits New 12-Month High – What’s Next?

Evertz Technologies Limited (TSE:ET)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.07 and last traded at C$16.92, with a volume of 9119 shares traded. The stock had previously closed at C$16.79.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ET shares. Raymond James Financial raised their target price on Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. Royal Bank Of Canada raised their target price on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Stock Performance

The company has a market capitalization of C$1.27 billion, a PE ratio of 20.70, a PEG ratio of 0.79 and a beta of 0.85. The company has a 50-day moving average price of C$16.35 and a two-hundred day moving average price of C$15.25. The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66.

Evertz Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.82 annualized dividend and a yield of 4.9%. Evertz Technologies’s dividend payout ratio (DPR) is currently 99.38%.

Insider Transactions at Evertz Technologies

In related news, Director Rakesh Thakor Patel sold 22,200 shares of Evertz Technologies stock in a transaction on Thursday, April 16th. The stock was sold at an average price of C$16.70, for a total transaction of C$370,740.00. Following the completion of the sale, the director owned 398,350 shares of the company’s stock, valued at approximately C$6,652,445. This trade represents a 5.28% decrease in their ownership of the stock. Corporate insiders own 64.40% of the company’s stock.

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.