Evertz Technologies (TSE:ET) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Evertz Technologies Limited (TSE:ET) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.92 and traded as high as C$16.15. Evertz Technologies shares last traded at C$16.15, with a volume of 2,733 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, March 3rd. Raymond James Financial upped their price objective on shares of Evertz Technologies from C$14.00 to C$18.00 in a report on Thursday, March 5th. Finally, BMO Capital Markets increased their target price on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.

Evertz Technologies Stock Performance

The stock has a market cap of C$1.22 billion, a P/E ratio of 19.94, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.65 and a quick ratio of 0.68. The company has a fifty day moving average of C$15.57 and a 200 day moving average of C$13.92.

Evertz Technologies (TSE:ET) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%.The firm had revenue of C$139.33 million during the quarter. On average, equities analysts predict that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.

Evertz Technologies Dividend Announcement

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