Evertz Technologies (TSE:ET) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of 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$15.46 and traded as high as C$16.62. Evertz Technologies shares last traded at C$16.52, with a volume of 13,425 shares trading hands.

Wall Street Analysts Forecast Growth

ET has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 3rd. Raymond James Financial lifted their price target on shares of Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$16.00.

Evertz Technologies Stock Performance

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 firm has a fifty day moving average price of C$16.37 and a two-hundred day moving average price of C$15.46. The stock has a market capitalization of C$1.25 billion, a PE ratio of 20.40, a P/E/G ratio of 0.79 and a beta of 0.85.

Evertz Technologies (TSE:ET) last issued its quarterly earnings results on Wednesday, June 24th. The company reported C$0.20 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$131.57 million during the quarter. Research analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Insiders Place Their Bets

In other Evertz Technologies 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 sale, the director owned 398,350 shares in the company, valued at C$6,652,445. This trade represents a 5.28% decrease in their ownership of the stock. 64.40% of the stock is currently owned by 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.