Evertz Technologies (TSE:ET) Trading Up 0.3% – Here’s Why

Evertz Technologies Limited (TSE:ET) shares were up 0.3% during trading on Friday . The company traded as high as C$12.43 and last traded at C$12.42. Approximately 11,463 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 28,018 shares. The stock had previously closed at C$12.38.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their price target on Evertz Technologies from C$17.00 to C$15.00 in a research note on Thursday, September 12th.

Evertz Technologies Stock Up 0.3 %

The stock has a market capitalization of C$945.29 million, a PE ratio of 14.79, a P/E/G ratio of 0.79 and a beta of 0.86. The stock’s 50-day moving average price is C$12.10 and its two-hundred day moving average price is C$12.84. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.68 and a current ratio of 2.00.

Evertz Technologies (TSE:ET) last announced its earnings results on Wednesday, September 11th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.06). Evertz Technologies had a net margin of 12.84% and a return on equity of 25.28%. The business had revenue of C$111.64 million for the quarter. As a group, analysts expect that Evertz Technologies Limited will post 0.8010974 EPS for the current fiscal year.

Evertz Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date was Tuesday, September 17th. Evertz Technologies’s payout ratio is 92.86%.

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.