Evertz Technologies (TSE:ET) Sets New 52-Week High – Here’s Why

Evertz Technologies Limited (TSE:ET)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.27 and last traded at C$15.24, with a volume of 37915 shares changing hands. The stock had previously closed at C$15.00.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Royal Bank Of Canada raised their target price on shares of Evertz Technologies from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Evertz Technologies has a consensus rating of “Moderate Buy” and a consensus price target of C$14.00.

Evertz Technologies Stock Up 3.3%

The stock has a fifty day moving average of C$14.13 and a 200 day moving average of C$13.03. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The firm has a market capitalization of C$1.17 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74.

Evertz Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 24th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.3%. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 18th. Evertz Technologies’s dividend payout ratio is 95.24%.

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.