Evertz Technologies (TSE:ET) Hits New 52-Week High – Here’s Why

by · The Markets Daily

Evertz Technologies Limited (TSE:ET – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$14.75 and last traded at C$14.60, with a volume of 56603 shares. The stock had previously closed at C$13.17.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada set a C$12.00 target price on Evertz Technologies and gave the company a “hold” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Evertz Technologies has an average rating of “Moderate Buy” and an average target price of C$13.17.

Get Our Latest Research Report on Evertz Technologies

Evertz Technologies Trading Up 11.2%

The stock’s 50 day simple moving average is C$12.74 and its two-hundred day simple moving average is C$12.35. The stock has a market capitalization of C$1.10 billion, a PE ratio of 18.54, a PEG ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68.

Evertz Technologies (TSE:ET – Get Free Report) last issued its earnings results on Wednesday, September 10th. The company reported C$0.15 earnings per share (EPS) for the quarter. Evertz Technologies had a return on equity of 22.13% and a net margin of 11.71%.The firm had revenue of C$112.15 million for the quarter. On average, sell-side analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, September 18th. Evertz Technologies’s payout ratio is presently 100.63%.

About Evertz Technologies

(Get Free Report)

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments.

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