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

Key Points

• Technical breakout: Evertz shares climbed above their 200‑day moving average (200‑DMA C$13.77), trading as high as C$16.49 and last at C$16.14, signaling recent bullish momentum.
• Analyst view: The stock has an average rating of Moderate Buy with a consensus target of C$16.00, and several firms recently raised targets (Raymond James to C$18.00; BMO and RBC to C$15.00).
• Income and fundamentals: The company pays a quarterly dividend ($0.205; annualized yield 5.1%) but has a very high payout ratio (~99%) and elevated debt‑to‑equity (7.66), which could pressure sustainability despite a P/E of ~19.9 and ROE of 24.9%.

Evertz Technologies Limited (TSE:ET - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.77 and traded as high as C$16.49. Evertz Technologies shares last traded at C$16.14, with a volume of 37,672 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research report on Thursday, December 11th. Raymond James Financial upped their price objective on Evertz Technologies from C$14.00 to C$18.00 in a report on Thursday, March 5th. Finally, Royal Bank Of Canada raised their target price on Evertz Technologies from C$13.00 to C$15.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$16.00.

Evertz Technologies Price Performance

The firm has a market capitalization of C$1.22 billion, a P/E ratio of 19.93, a P/E/G ratio of 0.79 and a beta of 0.83. The business's fifty day moving average is C$15.33 and its 200 day moving average is C$13.77. The company has a current ratio of 1.65, a quick ratio of 0.68 and a debt-to-equity ratio of 7.66.

Evertz Technologies (TSE:ET - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$139.33 million during the quarter. Evertz Technologies had a net margin of 12.08% and a return on equity of 24.86%. As a group, analysts forecast that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.1%. Evertz Technologies's dividend payout ratio (DPR) is currently 99.38%.

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. More than half of the firm's revenue is generated in the United States.

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