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

Evertz Technologies Limited (TSE:ET) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.49 and traded as high as C$13.29. Evertz Technologies shares last traded at C$13.15, with a volume of 24,804 shares traded.

Wall Street Analyst Weigh In

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

Evertz Technologies Stock Performance

The business has a 50-day moving average of C$12.53 and a 200 day moving average of C$12.49. 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 company has a market cap of C$1.00 billion, a PE ratio of 15.65, a PEG ratio of 0.79 and a beta of 0.86.

Evertz Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were given a dividend of $0.20 per share. This is an increase from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.08%. Evertz Technologies’s payout ratio is presently 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.

About Evertz Technologies

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.