Evertz Technologies (TSE:ET) Stock Price Passes Above 200 Day Moving Average - What's Next?

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.73 and traded as high as C$12.15. Evertz Technologies shares last traded at C$12.10, with a volume of 9,658 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets cut their target price on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th. Raymond James cut their target price on 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.

Evertz Technologies Price Performance

The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The company has a market cap of C$923.73 million, a price-to-earnings ratio of 15.96, a PEG ratio of 0.79 and a beta of 0.86. The business has a fifty day moving average price of C$11.04 and a 200 day moving average price of C$11.73.

Evertz Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 6.63%. Evertz Technologies's payout ratio is presently 103.22%.

Insiders Place Their Bets

In related news, Senior Officer Douglas Moore purchased 5,000 shares of the firm'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. Insiders own 64.40% of the company's stock.

Evertz Technologies Company Profile

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.