Douglas Moore Buys 4,000 Shares of Evertz Technologies Limited (TSE:ET) Stock

Evertz Technologies Limited (TSE:ET) Senior Officer Douglas Moore purchased 4,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of C$12.16 per share, for a total transaction of C$48,640.00.

Evertz Technologies Stock Up 3.4 %

ET stock opened at C$12.31 on Monday. The company has a current ratio of 2.00, a quick ratio of 0.68 and a debt-to-equity ratio of 8.42. The firm has a market capitalization of C$936.91 million, a PE ratio of 14.65, a PEG ratio of 0.79 and a beta of 0.86. Evertz Technologies Limited has a 1-year low of C$11.39 and a 1-year high of C$15.45. The business’s 50 day simple moving average is C$12.18 and its 200 day simple moving average is C$12.64.

Evertz Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.50%. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, December 19th. Evertz Technologies’s dividend payout ratio is currently 92.86%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ET. BMO Capital Markets decreased their target price on Evertz Technologies from C$17.00 to C$15.00 in a report on Thursday, September 12th. Canaccord Genuity Group boosted their target price on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

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.