Rakesh Thakor Patel Sells 126,500 Shares of Evertz Technologies Limited (TSE:ET) Stock
Evertz Technologies Limited (TSE:ET) Director Rakesh Thakor Patel sold 126,500 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of C$18.00, for a total transaction of C$2,277,000.00.
Rakesh Thakor Patel also recently made the following trade(s):
- On Wednesday, July 5th, Rakesh Thakor Patel sold 3,050 shares of Evertz Technologies Limited stock. The stock was sold at an average price of C$17.86, for a total transaction of C$54,473.00.
- On Thursday, July 6th, Rakesh Thakor Patel sold 6,224 shares of Evertz Technologies Limited stock. The stock was sold at an average price of C$17.86, for a total transaction of C$111,160.64.
- On Friday, July 7th, Rakesh Thakor Patel sold 87,048 shares of Evertz Technologies Limited stock. The stock was sold at an average price of C$17.80, for a total transaction of C$1,549,454.40.
- On Monday, July 10th, Rakesh Thakor Patel sold 1,556 shares of Evertz Technologies Limited stock. The stock was sold at an average price of C$17.86, for a total transaction of C$27,790.16.
Evertz Technologies Limited (TSE:ET) traded up 0.67% during mid-day trading on Tuesday, hitting $18.07. 23,984 shares of the company were exchanged. Evertz Technologies Limited has a 12-month low of $15.72 and a 12-month high of $18.40. The stock’s 50 day moving average is $17.18 and its 200-day moving average is $16.85. The company has a market cap of $1.37 billion and a price-to-earnings ratio of 19.64.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 30th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.98%.
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Separately, Royal Bank Of Canada increased their price objective on shares of Evertz Technologies Limited from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, June 14th.
About Evertz Technologies Limited
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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