Evertz Technologies (TSE:ET) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Evertz Technologies (TSE:ET) stock has surpassed its 200-day moving average, reaching a high of C$12.17 and last trading at C$12.00.
• The company recently declared a quarterly dividend of $0.20 per share with an annualized dividend yield of 6.7%, although its dividend payout ratio stands at 103.22%.
• Evertz Technologies, with a market cap of C$919.13 million, specializes in the design and distribution of video and audio infrastructure solutions for the broadcast and telecommunications sectors.

Evertz Technologies Limited (TSE:ET - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.58 and traded as high as C$12.17. Evertz Technologies shares last traded at C$12.00, with a volume of 18,665 shares trading hands.

Evertz Technologies Stock Down 1.2%

The firm has a 50-day moving average of C$12.14 and a 200 day moving average of C$11.57. 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 stock has a market capitalization of C$919.90 million, a price-to-earnings ratio of 15.89, a PEG ratio of 0.79 and a beta of 0.86.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.7%. Evertz Technologies's dividend payout ratio is presently 103.22%.

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.