Evertz Technologies (TSE:ET) Reaches New 52-Week High – Time to Buy?

Shares of Evertz Technologies Limited (TSE:ET) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$20.92 and last traded at C$16.65, with a volume of 14875 shares trading hands. The stock had previously closed at C$16.35.

Analyst Ratings Changes

ET has been the topic of a number of analyst reports. Raymond James Financial raised their price objective on shares of Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. Royal Bank Of Canada boosted their target price on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 3rd. Finally, Canaccord Genuity Group raised their price target on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$16.50.

Evertz Technologies Stock Up 14.0%

The business has a fifty day simple moving average of C$16.36 and a two-hundred day simple moving average of C$15.52. The company has a current ratio of 1.63, a quick ratio of 0.68 and a debt-to-equity ratio of 6.93. The company has a market cap of C$1.41 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

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

Insider Transactions at Evertz Technologies

In related news, Director Rakesh Thakor Patel sold 22,200 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were 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 represents a 5.28% decrease in their position. Corporate insiders own 64.40% of the company’s stock.

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.