Evertz Technologies (TSE:ET) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Evertz Technologies Limited (TSE:ET)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.48 and traded as high as C$13.28. Evertz Technologies shares last traded at C$13.20, with a volume of 15,887 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

Evertz Technologies Stock Performance

The company has a market cap of C$1.00 billion, a PE ratio of 15.71, a PEG ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 8.42, a current ratio of 2.00 and a quick ratio of 0.68. The business has a 50-day moving average of C$12.39 and a 200 day moving average of C$12.48.

Evertz Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Evertz Technologies’s previous quarterly dividend of $0.20. Evertz Technologies’s dividend payout ratio (DPR) is currently 92.86%.

Insider Activity at Evertz Technologies

In other news, Senior Officer Douglas Moore acquired 4,000 shares of Evertz Technologies stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is owned by company insiders.

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.