Evertz Technologies (TSE:ET) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Evertz Technologies Limited (TSE:ETGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.17 and traded as high as C$16.59. Evertz Technologies shares last traded at C$16.51, with a volume of 24,452 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price objective on 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$16.50.

Read Our Latest Stock Report on ET

Evertz Technologies Stock Performance

The company’s 50 day moving average price is C$16.82 and its 200-day moving average price is C$16.17. The stock has a market cap of C$1.25 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.75. The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.68 and a current ratio of 1.63.

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

Evertz Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Monday, July 13th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.82 annualized dividend and a dividend yield of 5.0%. Evertz Technologies’s dividend payout ratio (DPR) is currently 97.59%.

Evertz Technologies Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Evertz Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertz Technologies and related companies with MarketBeat.com's FREE daily email newsletter.