Evertz Technologies (TSE:ET) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Evertz Technologies Limited (TSE:ET)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.33 and traded as high as C$16.18. Evertz Technologies shares last traded at C$16.03, with a volume of 22,969 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on ET. Raymond James Financial upped their price objective on Evertz Technologies from C$14.00 to C$18.00 in a research report on Thursday, March 5th. Royal Bank Of Canada upped their price objective on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Evertz Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Evertz Technologies Stock Down 0.8%

The stock has a market cap of C$1.21 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The firm has a fifty day moving average of C$16.36 and a 200 day moving average of C$15.33. The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66.

Insider Buying and Selling

In related news, Director Rakesh Thakor Patel sold 22,200 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of C$16.70, for a total value of C$370,740.00. Following the transaction, the director owned 398,350 shares of the company’s stock, valued at C$6,652,445. This represents a 5.28% decrease in their ownership of the stock. 64.40% of the stock is owned by company insiders.

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.