Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.49 and traded as high as C$13.29. Evertz Technologies shares last traded at C$13.15, with a volume of 24,804 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised 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.
Check Out Our Latest Stock Analysis on Evertz Technologies
Evertz Technologies Stock Down 1.1 %
The firm has a 50 day moving average of C$12.55 and a two-hundred day moving average of C$12.50. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42. The stock has a market capitalization of C$989.43 million, a PE ratio of 15.48, a P/E/G ratio of 0.79 and a beta of 0.86.
Evertz Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were given a $0.20 dividend. The ex-dividend date was Thursday, December 19th. This is a positive change from Evertz Technologies's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 6.15%. Evertz Technologies's dividend payout ratio is currently 92.86%.
Insider Activity at Evertz Technologies
In other news, Senior Officer Douglas Moore purchased 4,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is owned by corporate insiders.
About Evertz Technologies
(
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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.
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