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

Evertz Technologies Limited (TSE:ET)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.49 and traded as high as C$13.29. Evertz Technologies shares last traded at C$13.15, with a volume of 24,804 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Evertz Technologies Stock Up 0.7 %

The business has a 50-day moving average price of C$12.53 and a 200 day moving average price of C$12.49. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42. The stock has a market capitalization of C$1.00 billion, a P/E ratio of 15.65, a P/E/G ratio of 0.79 and a beta of 0.86.

Evertz Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.80 annualized dividend and a yield of 6.08%. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. Evertz Technologies’s dividend payout ratio (DPR) is 92.86%.

Insiders Place Their Bets

In related news, Senior Officer Douglas Moore purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of C$12.16 per share, for a total transaction of C$48,640.00. Corporate insiders own 64.40% of the company’s stock.

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.