Evertz Technologies (TSE:ET) Sets New 12-Month Low - Should You Sell?

Evertz Technologies Limited (TSE:ET - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as C$11.31 and last traded at C$11.35, with a volume of 16511 shares trading hands. The stock had previously closed at C$11.72.

Wall Street Analysts Forecast Growth

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

Evertz Technologies Price Performance

The stock has a market cap of C$866.28 million, a P/E ratio of 14.97, a P/E/G ratio of 0.79 and a beta of 0.86. The business has a 50 day simple moving average of C$12.35 and a 200-day simple moving average of C$12.34. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors 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 7.07%. This is a positive change from Evertz Technologies's previous quarterly dividend of $0.20. Evertz Technologies's dividend payout ratio is presently 103.22%.

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Insiders Place Their Bets

In other news, Senior Officer Douglas Moore purchased 4,000 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of C$12.16 per share, with a total value of C$48,640.00. Insiders own 64.40% of the company's stock.

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.