Evertz Technologies (TSE:ET) Shares Up 1.3% – Time to Buy?

Evertz Technologies Limited (TSE:ET) rose 1.3% on Monday. The company traded as high as C$12.97 and last traded at C$12.91. 21,184 shares traded hands during trading, a decline of 45% from the average session volume of 38,456 shares. The stock had previously closed at C$12.75.

Wall Street Analyst Weigh In

ET has been the subject of several research reports. BMO Capital Markets lowered their target price on Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Royal Bank Of Canada cut their price target on Evertz Technologies from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 15th. Canaccord Genuity Group lowered Evertz Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from C$18.00 to C$15.00 in a research note on Tuesday, September 15th. Finally, Raymond James Financial decreased their price objective on Evertz Technologies from C$18.00 to C$16.50 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.12.

Evertz Technologies Price Performance

The firm’s 50-day moving average price is C$13.34 and its two-hundred day moving average price is C$15.49. The stock has a market cap of C$977.52 million, a PE ratio of 16.55, a PEG ratio of 0.79 and a beta of 1.10. The company has a current ratio of 1.56, a quick ratio of 0.68 and a debt-to-equity ratio of 14.94.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Monday, September 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$118.26 million for the quarter. Evertz Technologies had a net margin of 11.47% and a return on equity of 27.94%. On average, equities analysts expect that Evertz Technologies Limited will post 0.80 earnings per share for the current fiscal year.

Evertz Technologies Company Profile

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.