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Evertz Technologies (TSE:ET) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Evertz Technologies logo with Computer and Technology background

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.73 and traded as high as C$12.37. Evertz Technologies shares last traded at C$12.18, with a volume of 16,262 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ET shares. BMO Capital Markets decreased their price target on shares of Evertz Technologies from C$15.00 to C$13.50 in a report on Thursday, March 6th. Raymond James Financial cut their price objective on shares of Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th.

View Our Latest Report on Evertz Technologies

Evertz Technologies Price Performance

The stock has a market cap of C$937.52 million, a P/E ratio of 16.20, 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. The company's fifty day simple moving average is C$11.56 and its 200-day simple moving average is C$11.72.

Insider Transactions at Evertz Technologies

In other news, Senior Officer Douglas Moore acquired 5,000 shares of the company's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of C$9.73 per share, with a total value of C$48,652.00. 64.40% of the stock is currently owned by 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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