Evertz Technologies (TSE:ET) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of 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$15.19 and traded as high as C$16.89. Evertz Technologies shares last traded at C$16.79, with a volume of 55,232 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ET shares. Royal Bank Of Canada increased their target price on shares of Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 3rd. Raymond James Financial increased their price target on shares of Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.00.

Evertz Technologies Stock Up 1.9%

The business’s 50 day moving average is C$16.32 and its 200-day moving average is C$15.19. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.68 and a current ratio of 1.65. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

Evertz Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a $0.205 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.82 dividend on an annualized basis and a yield of 4.9%. Evertz Technologies’s dividend payout ratio (DPR) is presently 99.38%.

Insider Transactions at Evertz Technologies

In related news, Director Rakesh Thakor Patel sold 22,200 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of C$16.70, for a total value of C$370,740.00. Following the transaction, the director directly owned 398,350 shares in the company, valued at approximately C$6,652,445. This trade represents a 5.28% decrease in their position. Insiders own 64.40% of the company’s stock.

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.