Evertz Technologies (TSE:ET) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.59 and traded as low as C$12.29. Evertz Technologies shares last traded at C$12.49, with a volume of 27,264 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ET shares. Canaccord Genuity Group lifted their target price on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. BMO Capital Markets reduced their target price on shares of Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th.

Evertz Technologies Stock Down 0.1 %

The company has a market cap of C$950.61 million, a PE ratio of 14.87, a P/E/G ratio of 0.79 and a beta of 0.86. The stock has a 50-day moving average of C$12.20 and a 200-day moving average of C$12.57. The company has a quick ratio of 0.68, a current ratio of 2.00 and a debt-to-equity ratio of 8.42.

Evertz Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Evertz Technologies's previous quarterly dividend of $0.20. Evertz Technologies's payout ratio is currently 92.86%.

Insider Transactions at Evertz Technologies

In other news, Senior Officer Douglas Moore bought 4,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is currently owned by insiders.

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.