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

Evertz Technologies Limited (TSE:ET) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.12 and traded as high as C$12.81. Evertz Technologies shares last traded at C$12.59, with a volume of 19,882 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada set a C$12.00 price target on Evertz Technologies and gave the stock a “hold” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.75.

Evertz Technologies Stock Performance

The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The firm has a 50-day moving average of C$12.38 and a 200-day moving average of C$12.12. The stock has a market capitalization of C$949.40 million, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.79 and a beta of 0.46.

Evertz Technologies (TSE:ET) last issued its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$112.15 million during the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%. As a group, sell-side analysts predict that Evertz Technologies Limited will post 0.8010974 earnings per share for the current year.

Evertz Technologies Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Thursday, September 18th. Evertz Technologies’s dividend payout ratio (DPR) is presently 100.63%.

About Evertz Technologies

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.