Evertz Technologies (TSE:ET) Stock Price Passes Above 200-Day Moving Average of $14.05

Evertz Technologies Limited (TSE:ETGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.05 and traded as high as C$14.55. Evertz Technologies shares last traded at C$14.46, with a volume of 4,056 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets increased their target price on Evertz Technologies from C$16.00 to C$17.00 in a research report on Friday, March 15th.

Get Our Latest Report on ET

Evertz Technologies Stock Up 0.1 %

The stock has a 50 day moving average price of C$14.25 and a 200-day moving average price of C$14.05. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 14.91, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 8.63, a current ratio of 2.05 and a quick ratio of 0.68.

Evertz Technologies (TSE:ETGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.03. The company had revenue of C$135.28 million during the quarter. Evertz Technologies had a net margin of 14.37% and a return on equity of 30.20%. As a group, research analysts expect that Evertz Technologies Limited will post 1.0949555 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.78 annualized dividend and a yield of 5.39%. Evertz Technologies’s dividend payout ratio (DPR) is presently 80.41%.

About Evertz Technologies

(Get Free Report)

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.

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