Evertz Technologies (TSE:ET) Sets New 12-Month Low – Should You Sell?

by · The Markets Daily

Evertz Technologies Limited (TSE:ET – Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as C$11.99 and last traded at C$12.01, with a volume of 13044 shares changing hands. The stock had previously closed at C$12.38.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ET. Raymond James Financial lowered their price target on shares of Evertz Technologies from C$18.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Royal Bank Of Canada cut their price objective on shares of Evertz Technologies from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 15th. Canaccord Genuity Group cut Evertz Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$18.00 to C$15.00 in a report on Tuesday, September 15th. Finally, BMO Capital Markets dropped their price target on Evertz Technologies from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.12.

Read Our Latest Research Report on ET

Evertz Technologies Stock Down 4.0%

The company has a debt-to-equity ratio of 14.94, a quick ratio of 0.68 and a current ratio of 1.56. The business has a 50 day simple moving average of C$15.55 and a 200-day simple moving average of C$16.18. The firm has a market capitalization of C$900.29 million, a price-to-earnings ratio of 15.24, a P/E/G ratio of 0.79 and a beta of 0.70.

Evertz Technologies (TSE:ET – Get Free Report) last announced its quarterly earnings data on Monday, September 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. Evertz Technologies had a net margin of 11.47% and a return on equity of 27.94%. The firm had revenue of C$118.26 million during the quarter. On average, equities analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current year.

Evertz Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Monday, July 13th were paid a $0.205 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.82 annualized dividend and a dividend yield of 6.9%. Evertz Technologies’s dividend payout ratio is 104.49%.

Evertz Technologies Company Profile

(Get Free Report)

Evertz Technologies Limited (TSX: ET) designs, manufactures and markets video and audio infrastructure solutions for the production, post-production and transmission of video content. The Company’s solutions are purchased by the television broadcast, telecommunications, professional audio-visual, content creator, advanced education, government, military, enterprise, and new media sectors to support increasingly complex multi-channel digital and high-definition, Ultra HD, and high dynamic range formats and next generation high bandwidth low latency IP network environments.

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