Evertz Technologies (TSE:ET) Sets New 52-Week High – Still a Buy?

Evertz Technologies Limited (TSE:ET)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$13.52 and last traded at C$13.50, with a volume of 36591 shares trading hands. The stock had previously closed at C$13.30.

Analysts Set New Price Targets

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

Evertz Technologies Stock Up 0.7%

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’s fifty day simple moving average is C$12.52 and its two-hundred day simple moving average is C$12.25. The stock has a market capitalization of C$1.02 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.79 and a beta of 0.46.

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

Evertz Technologies Dividend Announcement

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

About Evertz Technologies

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.