Evertz Technologies (TSE:ET) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Evertz Technologies shares have recently crossed above the 200-day moving average for the first time, indicating potential upward momentum as the stock traded at C$12.02.
• The company has declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 6.7%, despite a payout ratio exceeding 100%.
• Evertz Technologies has a current market capitalization of approximately C$920.67 million and maintains a debt-to-equity ratio of 8.09, which may raise concerns about its financial leverage.

Evertz Technologies Limited (TSE:ET - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.67 and traded as high as C$12.13. Evertz Technologies shares last traded at C$12.02, with a volume of 23,406 shares traded.

Evertz Technologies Price Performance

The stock has a market cap of C$929.86 million, a PE ratio of 16.07, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The firm's 50 day moving average price is C$12.14 and its two-hundred day moving average price is C$11.66.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.6%. Evertz Technologies's payout ratio is 103.22%.

About Evertz Technologies

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.