Evertz Technologies Limited (TSE:ET - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ET. Raymond James lowered their target price on Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. BMO Capital Markets reduced their price target on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th.
View Our Latest Stock Report on ET
Evertz Technologies Price Performance
The business has a 50-day simple moving average of C$10.79 and a 200 day simple moving average of C$11.74. The stock has a market cap of C$916.84 million, a P/E ratio of 15.84, a price-to-earnings-growth 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.
Evertz Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 6.68%. Evertz Technologies's payout ratio is 103.22%.
Insider Activity at Evertz Technologies
In other news, Senior Officer Douglas Moore purchased 5,000 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired 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 owned by corporate insiders.
About Evertz Technologies
(
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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