Evertz Technologies (TSE:ET) Hits New 1-Year Low – Here’s Why

Evertz Technologies Limited (TSE:ET) reached a new 52-week low on Monday . The stock traded as low as C$9.45 and last traded at C$9.76, with a volume of 26088 shares. The stock had previously closed at C$9.79.

Wall Street Analyst Weigh In

ET has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their target price 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. Raymond James dropped their price target on Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, BMO Capital Markets decreased their price objective on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th.

Evertz Technologies Trading Down 1.0 %

The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The stock has a market cap of C$742.20 million, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company’s 50 day simple moving average is C$11.47 and its two-hundred day simple moving average is C$11.99.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 8.26%. Evertz Technologies’s dividend payout ratio is 103.22%.

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.