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

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.48 and traded as high as C$13.47. Evertz Technologies shares last traded at C$13.45, with a volume of 34,469 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BMO Capital Markets increased their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Royal Bank Of Canada raised their target price on Evertz Technologies from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

Evertz Technologies Trading Up 2.5%

The business has a 50 day moving average of C$13.10 and a two-hundred day moving average of C$12.49. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18.

Evertz Technologies (TSE:ET) last announced its quarterly earnings data on Wednesday, September 10th. The company reported C$0.15 EPS for the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%.The firm had revenue of C$112.15 million during the quarter. Equities analysts predict that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.205 per share. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a yield of 6.0%. Evertz Technologies’s dividend payout ratio (DPR) is presently 95.24%.

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