Evertz Technologies (TSE:ET) Stock Price Crosses 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 - Get Free Report) shares 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 changing hands.

Evertz Technologies Price Performance

The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The stock has a market capitalization of C$930.34 million, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.79 and a beta of 0.60. The business's 50-day moving average price is C$12.13 and its 200 day moving average price is C$11.58.

Evertz Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.5%. Evertz Technologies's dividend payout ratio is currently 102.60%.

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.