Evertz Technologies (TSE:ET) Share Price Passes Above 200-Day Moving Average – What’s Next?

Evertz Technologies Limited (TSE:ET) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.06 and traded as high as C$16.47. Evertz Technologies shares last traded at C$16.36, with a volume of 72,870 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.50.

Evertz Technologies Price Performance

The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.68 and a current ratio of 1.63. The company has a market cap of C$1.21 billion, a PE ratio of 19.34, a PEG ratio of 0.79 and a beta of 0.75. The company’s 50-day simple moving average is C$16.80 and its 200 day simple moving average is C$16.07.

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. The business had revenue of C$131.57 million for the quarter. Evertz Technologies had a return on equity of 27.67% and a net margin of 12.40%. On average, sell-side analysts predict that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 13th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, July 6th. Evertz Technologies’s payout ratio is presently 97.59%.

Evertz Technologies Company Profile

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.