Evertz Technologies (TSE:ET) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Evertz Technologies' shares have surpassed the 200-day moving average of C$11.59, reaching a high of C$12.36 before closing at C$12.30 with a trading volume of 17,220 shares.
• The company announced a quarterly dividend of $0.20 per share, translating to an annualized dividend of $0.80 and a yield of 6.5%, despite a high dividend payout ratio of 102.60%.
• Evertz Technologies Ltd operates in the telecommunications sector, providing equipment and technology solutions for the television broadcast and new-media industries, serving content creators, broadcasters, and service providers.

Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.59 and traded as high as C$12.36. Evertz Technologies shares last traded at C$12.30, with a volume of 17,220 shares trading hands.

Evertz Technologies Trading Up 1.7%

The business's 50-day simple moving average is C$12.11 and its 200-day simple moving average is C$11.59. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The company has a market cap of C$927.18 million, a PE ratio of 15.90, a P/E/G ratio of 0.79 and a beta of 0.61.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.5%. Evertz Technologies's dividend payout ratio (DPR) is presently 102.60%.

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.