Evertz Technologies (TSE:ET) Shares Up 1.3% – What’s Next?

Evertz Technologies Limited (TSE:ET)’s stock price shot up 1.3% during mid-day trading on Monday. The stock traded as high as C$12.97 and last traded at C$12.91. 21,184 shares traded hands during trading, a decline of 45% from the average session volume of 38,456 shares. The stock had previously closed at C$12.75.

Analyst Ratings Changes

A number of research firms have recently commented on ET. Royal Bank Of Canada cut their target price on Evertz Technologies from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 15th. BMO Capital Markets dropped their price objective on Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Raymond James Financial dropped their price objective on Evertz Technologies from C$18.00 to C$16.50 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Finally, Canaccord Genuity Group downgraded Evertz Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from C$18.00 to C$15.00 in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$16.12.

Evertz Technologies Stock Up 1.3%

The company has a market cap of C$977.52 million, a PE ratio of 16.55, a P/E/G ratio of 0.79 and a beta of 1.10. The company’s 50 day moving average is C$13.34 and its 200 day moving average is C$15.49. The company has a current ratio of 1.56, a quick ratio of 0.68 and a debt-to-equity ratio of 14.94.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Monday, September 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$118.26 million during the quarter. Evertz Technologies had a net margin of 11.47% and a return on equity of 27.94%. As a group, analysts predict that Evertz Technologies Limited will post 0.80 earnings per share for the current fiscal year.

Evertz Technologies Company Profile

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.