Evertz Technologies (TSE:ET) Shares Pass Below 200 Day Moving Average – Time to Sell?

Evertz Technologies Limited (TSE:ET)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.59 and traded as low as C$12.29. Evertz Technologies shares last traded at C$12.49, with a volume of 27,264 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ET shares. Canaccord Genuity Group increased their price objective on Evertz Technologies from C$15.25 to C$15.50 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets lowered their price objective on Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th.

Evertz Technologies Stock Down 0.1 %

The business’s 50 day moving average price is C$12.20 and its 200-day moving average price is C$12.59. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.68 and a current ratio of 2.00. The firm has a market capitalization of C$950.61 million, a PE ratio of 14.87, a P/E/G ratio of 0.79 and a beta of 0.86.

Evertz Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were given a $0.20 dividend. This is an increase from Evertz Technologies’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Thursday, December 19th. Evertz Technologies’s payout ratio is currently 92.86%.

Insider Activity at Evertz Technologies

In related news, Senior Officer Douglas Moore purchased 4,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of C$12.16 per share, for a total transaction of C$48,640.00. Company insiders own 64.40% of the company’s stock.

Evertz Technologies Company Profile

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.