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

Shares of Evertz Technologies Limited (TSE:ET - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.74 and traded as high as C$12.00. Evertz Technologies shares last traded at C$11.97, with a volume of 11,169 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ET shares. BMO Capital Markets decreased their target price on Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th. Raymond James decreased their target price on Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th.

Evertz Technologies Price Performance

The firm's fifty day moving average price is C$10.86 and its 200 day moving average price is C$11.73. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$899.22 million, a PE ratio of 15.54, a P/E/G ratio of 0.79 and a beta of 0.86.

Evertz Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Thursday, March 13th. Evertz Technologies's dividend payout ratio (DPR) is presently 103.22%.

Insider Buying and Selling at Evertz Technologies

In other Evertz Technologies news, Senior Officer Douglas Moore purchased 5,000 shares of Evertz Technologies stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of C$9.73 per share, for a total transaction of C$48,652.00. 64.40% of the stock is currently owned by company insiders.

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.