Shares of Evertz Technologies Limited (TSE:ET – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.00 and traded as high as C$16.46. Evertz Technologies shares last traded at C$16.31, with a volume of 2,926 shares.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports 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 stock a “sector perform” rating in a research note on Tuesday, March 3rd. Raymond James Financial raised their price target on Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.00.
Check Out Our Latest Report on Evertz Technologies
Evertz Technologies Stock Up 0.9%
Evertz Technologies (TSE:ET – Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$139.33 million for the quarter. Evertz Technologies had a return on equity of 24.86% and a net margin of 12.08%. Sell-side analysts anticipate that Evertz Technologies Limited will post 0.8010974 earnings per share for the current fiscal year.
Evertz Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were given a dividend of $0.205 per share. The ex-dividend date was Friday, March 13th. This represents a $0.82 annualized dividend and a yield of 5.0%. Evertz Technologies’s payout ratio is 99.38%.
Insiders Place Their Bets
In related news, Director Rakesh Thakor Patel sold 22,200 shares of Evertz Technologies 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 transaction, the director directly owned 398,350 shares in the company, valued at approximately C$6,652,445. The trade was a 5.28% decrease in their ownership of the stock. Company insiders own 64.40% of the company’s stock.
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.
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