Evertz Technologies (TSE:ET) Hits New 52-Week Low – Here’s What Happened

Evertz Technologies Limited (TSE:ET) hit a new 52-week low on Tuesday . The stock traded as low as C$10.26 and last traded at C$10.29, with a volume of 40984 shares changing hands. The stock had previously closed at C$10.44.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets lowered their target price on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th. Canaccord Genuity Group boosted their price target on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Raymond James cut their price objective on Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, March 6th.

Evertz Technologies Stock Performance

The company has a market capitalization of C$805.01 million, a P/E ratio of 13.91, a PEG ratio of 0.79 and a beta of 0.86. The stock’s fifty day moving average price is C$11.68 and its 200-day moving average price is C$12.03. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18.

Evertz Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.80 annualized dividend and a yield of 7.61%. Evertz Technologies’s dividend payout ratio is 103.22%.

Evertz Technologies Company Profile

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.