Evertz Technologies (TSE:ET) Shares Pass Above 200-Day Moving Average - Here's Why

Evertz Technologies Limited (TSE:ET - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.48 and traded as high as C$13.28. Evertz Technologies shares last traded at C$13.20, with a volume of 15,887 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on 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 firm has a fifty day moving average of C$12.42 and a 200 day moving average of C$12.48. The company has a market capitalization of C$1.01 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42.

Evertz Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 24th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.80 annualized dividend and a dividend yield of 6.03%. This is a positive change from Evertz Technologies's previous quarterly dividend of $0.20. Evertz Technologies's payout ratio is presently 92.86%.

Insider Buying and Selling at Evertz Technologies

In related news, Senior Officer Douglas Moore bought 4,000 shares of the firm's stock in a transaction that occurred 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.

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.