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Evertz Technologies (TSE:ET) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Evertz Technologies logo with Computer and Technology background

Shares of Evertz Technologies Limited (TSE:ET - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.73 and traded as high as C$12.24. Evertz Technologies shares last traded at C$12.10, with a volume of 16,614 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ET. BMO Capital Markets cut their price target on Evertz Technologies from C$15.00 to C$13.50 in a report on Thursday, March 6th. Raymond James dropped their price objective on Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th.

Get Our Latest Analysis on Evertz Technologies

Evertz Technologies Stock Performance

The company's fifty day simple moving average is C$11.27 and its 200 day simple moving average is C$11.73. The stock has a market capitalization of C$922.20 million, a P/E ratio of 15.93, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09.

Insider Buying and Selling

In other news, Senior Officer Douglas Moore acquired 5,000 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of C$9.73 per share, for a total transaction of C$48,652.00. 64.40% of the stock is owned by company insiders.

Evertz Technologies Company Profile

(Get Free Report)

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.

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