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

Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as C$10.83 and last traded at C$10.84, with a volume of 13059 shares changing hands. The stock had previously closed at C$10.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ET shares. Canaccord Genuity Group upped their price objective on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Raymond James decreased their price target on Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets cut their price objective on Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th.

Evertz Technologies Stock Performance

The stock has a market cap of C$799.65 million, a P/E ratio of 13.82, a P/E/G ratio of 0.79 and a beta of 0.86. The firm has a 50 day moving average of C$11.84 and a two-hundred day moving average of C$12.08. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18.

Evertz Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend was Thursday, March 13th. Evertz Technologies's dividend payout ratio (DPR) is presently 103.22%.

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.