Evertz Technologies (TSE:ET) Hits New 12-Month Low – What’s Next?

Shares of Evertz Technologies Limited (TSE:ET) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$10.87 and last traded at C$10.97, with a volume of 26744 shares. The stock had previously closed at C$11.07.

Wall Street Analyst Weigh In

ET has been the topic of a number of research reports. Raymond James dropped their target price on shares of Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Canaccord Genuity Group lifted their price target on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets decreased their price target on shares of Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th.

Evertz Technologies Price Performance

The stock has a fifty day moving average of C$12.18 and a 200-day moving average of C$12.26. The company has a quick ratio of 0.68, a current ratio of 2.18 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of C$843.31 million, a P/E ratio of 14.57, a PEG ratio of 0.79 and a beta of 0.86.

Evertz Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.27%. Evertz Technologies’s dividend payout ratio is 103.22%.

Insider Activity at Evertz Technologies

In other news, Senior Officer Douglas Moore acquired 4,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased 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 currently owned by company insiders.

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.