Evertz Technologies (TSE:ET) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Evertz Technologies Limited (TSE:ET)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.95 and traded as high as C$16.75. Evertz Technologies shares last traded at C$16.64, with a volume of 22,554 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on shares of Evertz Technologies from C$17.50 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

Evertz Technologies Stock Performance

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 company has a fifty day moving average price of C$16.82 and a 200 day moving average price of C$15.95. The stock has a market cap of C$1.26 billion, a P/E ratio of 20.05, a P/E/G ratio of 0.79 and a beta of 0.75.

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

Evertz Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Monday, July 13th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, July 6th. Evertz Technologies’s dividend payout ratio (DPR) is currently 97.59%.

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.