Evertz Technologies (TSE:ET) Reaches New 52-Week Low - Here's Why

Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$10.87 and last traded at C$10.97, with a volume of 26744 shares traded. The stock had previously closed at C$11.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in 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, March 6th. Canaccord Genuity Group boosted 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 research report on Wednesday, December 11th. Finally, Raymond James dropped 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, March 6th.

Evertz Technologies Trading Down 0.3 %

The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The stock has a market capitalization of C$841.01 million, a P/E ratio of 14.53, a P/E/G ratio of 0.79 and a beta of 0.86. The firm's 50 day simple moving average is C$12.18 and its two-hundred day simple moving average is C$12.25.

Evertz Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend is Thursday, March 13th. Evertz Technologies's dividend payout ratio (DPR) is currently 103.22%.

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Insider Activity

In other Evertz Technologies news, Senior Officer Douglas Moore acquired 4,000 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was bought 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.