Evertz Technologies (TSE:ET) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Evertz Technologies Limited (TSE:ET) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.59 and traded as low as C$12.29. Evertz Technologies shares last traded at C$12.49, with a volume of 27,264 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets reduced their price objective on Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th. Canaccord Genuity Group raised their price target on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Evertz Technologies Trading Down 0.1 %

The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.68 and a current ratio of 2.00. The company’s 50 day moving average price is C$12.20 and its 200 day moving average price is C$12.57. The company has a market cap of C$950.61 million, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86.

Evertz Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were issued a dividend of $0.20 per share. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 6.41%. The ex-dividend date was Thursday, December 19th. Evertz Technologies’s dividend payout ratio (DPR) is 92.86%.

Insider Transactions at Evertz Technologies

In other Evertz Technologies news, Senior Officer Douglas Moore acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of C$12.16 per share, for a total transaction of C$48,640.00. 64.40% of the stock is currently owned by corporate insiders.

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.