Evertz Technologies (TSE:ET) Sets New 52-Week Low - Should You Sell?

Evertz Technologies Limited (TSE:ET - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as C$9.45 and last traded at C$9.76, with a volume of 26088 shares changing hands. The stock had previously closed at C$9.79.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ET. BMO Capital Markets dropped their price target on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th. Raymond James reduced their price target on Evertz Technologies from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th.

Evertz Technologies Stock Up 2.5 %

The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68. The firm has a market cap of C$795.05 million, a PE ratio of 13.74, a PEG ratio of 0.79 and a beta of 0.86. The business's 50 day moving average price is C$11.13 and its 200 day moving average price is C$11.92.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend was Thursday, March 13th. Evertz Technologies's dividend payout ratio (DPR) is currently 103.22%.

Insiders Place Their Bets

In related news, Senior Officer Douglas Moore bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$9.73 per share, for a total transaction of C$48,652.00. 64.40% of the stock is owned by insiders.

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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.