Evertz Technologies (TSE:ET) Reaches New 12-Month Low – Here’s What Happened

Evertz Technologies Limited (TSE:ET) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$10.83 and last traded at C$10.84, with a volume of 13059 shares. The stock had previously closed at C$10.96.

Wall Street Analyst Weigh In

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

Evertz Technologies Trading Down 1.0 %

The stock has a market capitalization of C$823.39 million, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. 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 price of C$11.89 and a 200-day moving average price of C$12.11.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend was Thursday, March 13th. 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.