Evertz Technologies (TSE:ET) Shares Pass Above 200-Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.30 and traded as high as C$13.55. Evertz Technologies shares last traded at C$13.55, with a volume of 9,699 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada set a C$12.00 price objective on Evertz Technologies and gave the company a “hold” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.75.

Evertz Technologies Price Performance

The stock has a market capitalization of C$1.02 billion, a PE ratio of 17.15, a PEG ratio of 0.79 and a beta of 0.46. The firm’s fifty day moving average price is C$12.65 and its two-hundred day moving average price is C$12.30. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09.

Evertz Technologies (TSE:ET) last posted its earnings results on Wednesday, September 10th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$112.15 million during the quarter. Evertz Technologies had a net margin of 11.71% and a return on equity of 22.13%. On average, equities analysts predict that Evertz Technologies Limited will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Thursday, September 18th. Evertz Technologies’s dividend payout ratio is 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.