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

Key Points

• Evertz Technologies shares recently surpassed their 200-day moving average, trading as high as C$12.37, with a current price of C$12.35.
• Royal Bank of Canada set a target price of C$12.00 and a "hold" rating for the stock, which has an average rating of "Moderate Buy" from analysts.
• The company declared a quarterly dividend of $0.20, yielding 6.5%, but has a high dividend payout ratio of 100.63%.

Shares of Evertz Technologies Limited (TSE:ET - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.74 and traded as high as C$12.37. Evertz Technologies shares last traded at C$12.35, with a volume of 228,629 shares changing hands.

Analyst Upgrades and Downgrades

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

Evertz Technologies Stock Performance

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 firm has a fifty day moving average price of C$12.14 and a two-hundred day moving average price of C$11.74. The stock has a market capitalization of C$931.30 million, a PE ratio of 15.63, a P/E/G ratio of 0.79 and a beta of 0.42.

Evertz Technologies Announces Dividend

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

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.

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