Evertz Technologies (TSE:ET) Sets New 1-Year Low - Here's What Happened

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$10.87 and last traded at C$10.87, with a volume of 13767 shares traded. The stock had previously closed at C$10.96.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ET shares. Raymond James decreased their price target on shares of 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. Canaccord Genuity Group raised their price target on shares of 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. Finally, BMO Capital Markets cut their price objective on shares of Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th.

Evertz Technologies Trading Down 0.8 %

The stock has a market capitalization of C$839.48 million, a price-to-earnings ratio of 14.50, a PEG ratio of 0.79 and a beta of 0.86. The company's 50-day moving average is C$12.02 and its 200-day moving average is C$12.18. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09.

Evertz Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.30%. The ex-dividend date was Thursday, March 13th. Evertz Technologies's payout ratio is currently 103.22%.

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Evertz Technologies Company Profile

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.