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

Evertz Technologies Limited (TSE:ET) shares hit a new 52-week high on Wednesday . The stock traded as high as C$13.52 and last traded at C$13.50, with a volume of 36591 shares. The stock had previously closed at C$13.30.

Analyst Ratings Changes

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

Evertz Technologies Stock Up 1.5%

The firm has a 50-day simple moving average of C$12.47 and a 200 day simple moving average of C$12.23. The company has a market capitalization of C$1.02 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.46. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET) last issued its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share 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%. On average, research analysts predict that Evertz Technologies Limited will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.80 annualized dividend and a yield of 5.9%. Evertz Technologies’s dividend payout ratio (DPR) is 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.