Evertz Technologies Limited (TSE:ET) Senior Officer Douglas Moore Buys 4,000 Shares

Evertz Technologies Limited (TSE:ET - Get Free Report) Senior Officer Douglas Moore purchased 4,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of C$12.16 per share, with a total value of C$48,640.00.

Evertz Technologies Stock Up 3.4 %

Evertz Technologies stock traded up C$0.40 during mid-day trading on Friday, hitting C$12.31. The company had a trading volume of 65,235 shares, compared to its average volume of 28,683. The stock has a market cap of C$936.91 million, a price-to-earnings ratio of 14.65, a PEG ratio of 0.79 and a beta of 0.86. The company has a quick ratio of 0.68, a current ratio of 2.00 and a debt-to-equity ratio of 8.42. Evertz Technologies Limited has a 1 year low of C$11.39 and a 1 year high of C$15.45. The business has a fifty day moving average of C$12.18 and a 200 day moving average of C$12.67.

Evertz Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th will be paid 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 6.50%. The ex-dividend date is Thursday, December 19th. Evertz Technologies's dividend payout ratio (DPR) is currently 92.86%.

Analysts Set New Price Targets

A number of research firms have issued reports on ET. Canaccord Genuity Group increased their price target on 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 reduced their target price on shares of Evertz Technologies from C$17.00 to C$15.00 in a report on Thursday, September 12th.

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.