Evertz Technologies (TSE:ET) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Evertz Technologies Limited (TSE:ET) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.48 and traded as high as C$13.47. Evertz Technologies shares last traded at C$13.45, with a volume of 34,469 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ET shares. BMO Capital Markets boosted their price target on Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Royal Bank Of Canada lifted their price objective on Evertz Technologies from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$14.00.

Evertz Technologies Trading Up 0.7%

The firm’s 50-day simple moving average is C$13.07 and its 200 day simple moving average is C$12.48. 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 market capitalization of C$1.02 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 0.79 and a beta of 0.48.

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

Evertz Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 24th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 18th. Evertz Technologies’s dividend payout ratio (DPR) is currently 95.24%.

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. More than half of the firm’s revenue is generated in the United States.