Evertz Technologies (TSE:ET) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Evertz Technologies Limited (TSE:ET) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.68 and traded as high as C$12.26. Evertz Technologies shares last traded at C$12.09, with a volume of 8,346 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada set a C$12.00 target price on shares of Evertz Technologies and gave the stock a “hold” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.75.

Evertz Technologies Trading Down 0.7%

The firm has a market cap of C$911.69 million, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. The business’s 50 day moving average is C$12.13 and its 200-day moving average is C$11.68. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09.

Evertz Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Thursday, September 18th. Evertz Technologies’s dividend payout ratio is 100.63%.

Evertz Technologies Company Profile

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.