Evertz Technologies (TSE:ET) Hits New 1-Year High – Should You Buy?

Evertz Technologies Limited (TSE:ET) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.07 and last traded at C$16.92, with a volume of 9119 shares. The stock had previously closed at C$16.79.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Evertz Technologies from C$14.00 to C$18.00 in a research note on Thursday, March 5th. Royal Bank Of Canada upped their price objective on Evertz Technologies from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.00.

Evertz Technologies Price Performance

The stock’s 50-day simple moving average is C$16.32 and its two-hundred day simple moving average is C$15.19. The company has a quick ratio of 0.68, a current ratio of 1.65 and a debt-to-equity ratio of 7.66. The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 0.79 and a beta of 0.85.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, March 13th. Evertz Technologies’s payout ratio is 99.38%.

Insider Buying and Selling

In other Evertz Technologies news, Director Rakesh Thakor Patel sold 22,200 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of C$16.70, for a total value of C$370,740.00. Following the completion of the sale, the director owned 398,350 shares in the company, valued at approximately C$6,652,445. This represents a 5.28% decrease in their position. Insiders own 64.40% of the company’s stock.

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. More than half of the firm’s revenue is generated in the United States.