Evertz Technologies (TSE:ET) Stock Passes Above 200 Day Moving Average – Should You Sell?

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.77 and traded as high as C$16.49. Evertz Technologies shares last traded at C$16.14, with a volume of 37,672 shares trading hands.

Analyst Ratings Changes

ET has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 3rd. BMO Capital Markets upped their price objective on shares of 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. Finally, Raymond James Financial raised their target price on shares of Evertz Technologies from C$14.00 to C$18.00 in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Evertz Technologies Stock Performance

The firm’s 50 day simple moving average is C$15.33 and its 200-day simple moving average is C$13.77. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.68 and a current ratio of 1.65. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.79 and a beta of 0.83.

Evertz Technologies (TSE:ET) last issued its earnings results on Wednesday, March 4th. The company reported C$0.24 EPS for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.The business had revenue of C$139.33 million during the quarter. Analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, March 13th. Evertz Technologies’s dividend payout ratio is currently 99.38%.

About Evertz Technologies

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.