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

Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.82 and traded as high as C$17.77. Evertz Technologies shares last traded at C$17.55, with a volume of 24,896 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$16.50.

Evertz Technologies Price Performance

The firm’s 50 day moving average price is C$16.72 and its two-hundred day moving average price is C$15.82. The company has a debt-to-equity ratio of 6.93, a current ratio of 1.63 and a quick ratio of 0.68. The stock has a market cap of C$1.33 billion, a PE ratio of 21.14, a P/E/G ratio of 0.79 and a beta of 0.75.

Evertz Technologies (TSE:ET) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$131.57 million for the quarter. Evertz Technologies had a net margin of 12.40% and a return on equity of 27.67%. On average, research analysts expect that Evertz Technologies Limited will post 0.8010974 earnings per share for the current year.

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Monday, July 13th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.82 dividend on an annualized basis and a yield of 4.7%. Evertz Technologies’s payout ratio is presently 97.59%.

Insider Transactions at Evertz Technologies

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 transaction of C$370,740.00. Following the sale, the director owned 398,350 shares in the company, 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 insiders.

About Evertz Technologies

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.