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

Key Points

• Evertz Technologies' share price has crossed above its 200-day moving average, trading as high as C$12.12, which indicates a potential upward trend.
• The company has recently declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 6.6%, despite a high payout ratio of 103.22%.
• Evertz Technologies operates in the telecommunications equipment sector, providing solutions for television broadcast and new media industries, with a market capitalization of approximately C$925.26 million.

Evertz Technologies Limited (TSE:ET - )'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.58 and traded as high as C$12.12. Evertz Technologies shares last traded at C$12.08, with a volume of 2,818 shares.

Evertz Technologies Stock Performance

The business has a 50-day moving average price of C$12.14 and a 200-day moving average price of C$11.58. The firm has a market capitalization of C$925.26 million, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09.

Evertz Technologies Announces Dividend

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

Evertz Technologies Company Profile

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.

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