Evertz Technologies (TSE:ET) Trading 0.3% Higher – Should You Buy?

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

Analyst Ratings Changes

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

Evertz Technologies Stock Performance

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 company has a market cap of C$945.29 million, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company’s fifty day moving average is C$12.10 and its 200 day moving average is C$12.84.

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

Evertz Technologies Dividend Announcement

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