Evertz Technologies (TSE:ET) Sets New 1-Year High – Should You Buy?

Evertz Technologies Limited (TSE:ET)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$16.16 and last traded at C$16.00, with a volume of 1230 shares changing hands. The stock had previously closed at C$16.02.

Analysts Set New Price Targets

ET has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased 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 research report on Thursday, December 11th. BMO Capital Markets raised their price objective on shares of Evertz Technologies from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

Evertz Technologies Stock Performance

The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. 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 stock has a 50 day moving average price of C$14.28 and a two-hundred day moving average price of C$13.14.

Evertz Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 24th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, December 18th. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. 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.