Evertz Technologies (TSE:ET) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Evertz stock crossed above its 200‑day moving average, trading as high as C$16.41 and last at C$16.23 versus the 200‑day MA of C$14.09 on volume of 31,615 shares.
• Analysts have raised targets (Raymond James to C$18, RBC to C$15), leaving a MarketBeat consensus of Moderate Buy with an average target of C$16.00.
• The company pays a 5.1% dividend (annualized C$0.82) but has a dividend payout ratio of 99.38%; valuation metrics include a market cap of C$1.23B, P/E ~20 and PEG 0.79, signaling income appeal but limited payout coverage.

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.09 and traded as high as C$16.41. Evertz Technologies shares last traded at C$16.23, with a volume of 31,615 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial increased their target price on shares of Evertz Technologies from C$14.00 to C$18.00 in a report on Thursday, March 5th. Royal Bank Of Canada increased their target price on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$16.00.

Evertz Technologies Stock Down 0.9%

The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 0.79 and a beta of 0.68. The stock's fifty day simple moving average is C$15.78 and its two-hundred day simple moving average is C$14.09. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$139.33 million for the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. On average, sell-side analysts predict that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, March 13th. Evertz Technologies's dividend payout ratio (DPR) is 99.38%.

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. More than half of the firm's revenue is generated in the United States.

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