Evertz Technologies (TSE:ET) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Evertz Technologies stock price has recently crossed above its 200-day moving average of C$11.62, reaching a high of C$12.15 during trading.
• The company announced a quarterly dividend of $0.20 per share, translating to a 6.7% dividend yield and a dividend payout ratio of 103.22%.
• Evertz Technologies has a market capitalization of C$917.60 million and a low beta of 0.86, indicating relatively stable price movements.

Evertz Technologies Limited (TSE:ET - ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.62 and traded as high as C$12.15. Evertz Technologies shares last traded at C$11.98, with a volume of 23,348 shares changing hands.

Evertz Technologies Price Performance

The firm's 50-day moving average price is C$12.15 and its 200-day moving average price is C$11.62. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The stock has a market capitalization of C$917.60 million, a PE ratio of 15.85, a PEG ratio of 0.79 and a beta of 0.86.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 4th were given 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 103.22%.

About Evertz Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.