Evertz Technologies (TSE:ET) Share Price Passes Above 200-Day Moving Average – What’s Next?

Evertz Technologies Limited (TSE:ET) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.34 and traded as high as C$16.60. Evertz Technologies shares last traded at C$16.00, with a volume of 63,089 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price objective on Evertz Technologies from C$17.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$16.50.

Evertz Technologies Price Performance

The company has a market cap of C$1.19 billion, a P/E ratio of 18.92, a P/E/G 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. The firm’s fifty day moving average is C$16.79 and its two-hundred day moving average is C$16.35.

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

Evertz Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Monday, July 13th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, July 6th. Evertz Technologies’s dividend payout ratio (DPR) is 97.59%.

About Evertz Technologies

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.