Evertz Technologies (TSE:ET) Share Price Passes Above 200-Day Moving Average of $13.70

Evertz Technologies Limited (TSE:ET - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.70 and traded as high as C$14.14. Evertz Technologies shares last traded at C$13.66, with a volume of 21,813 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price objective on Evertz Technologies from C$16.00 to C$17.00 in a report on Friday, March 15th.

Evertz Technologies Trading Down 0.4 %

The company has a market cap of C$1.04 billion, a P/E ratio of 14.03, a PEG ratio of 0.79 and a beta of 0.81. The business has a fifty day moving average price of C$14.54 and a 200-day moving average price of C$13.71. The company has a quick ratio of 0.68, a current ratio of 2.05 and a debt-to-equity ratio of 8.63.

Evertz Technologies (TSE:ET - Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.21 by C$0.03. Evertz Technologies had a return on equity of 30.20% and a net margin of 14.37%. The company had revenue of C$135.28 million during the quarter. On average, analysts forecast that Evertz Technologies Limited will post 1.0944822 earnings per share for the current year.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.78 annualized dividend and a yield of 5.73%. Evertz Technologies's dividend payout ratio is currently 80.41%.

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.