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

Key Points

• Evertz Technologies stock recently crossed above its 200-day moving average, reaching a high of C$12.50 before closing at C$12.27.
• Royal Bank of Canada has set a target price of C$12.00 with a "hold" rating, while the average target price from analysts stands at C$13.75.
• The company announced a quarterly $0.20 dividend, resulting in an annualized yield of 6.5% despite a high dividend payout ratio of 100.63%.

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.84 and traded as high as C$12.50. Evertz Technologies shares last traded at C$12.27, with a volume of 22,833 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada set a C$12.00 target price on shares of Evertz Technologies and gave the company a "hold" rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Evertz Technologies currently has an average rating of "Moderate Buy" and a consensus target price of C$13.75.

Evertz Technologies Price Performance

The stock has a market cap of C$925.27 million, a P/E ratio of 15.53, a PEG ratio of 0.79 and a beta of 0.42. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The business's fifty day moving average price is C$12.18 and its 200 day moving average price is C$11.84.

Evertz Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.5%. Evertz Technologies's dividend payout ratio is 100.63%.

About Evertz Technologies

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.

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