Evertz Technologies (TSE:ET) Reaches New 52-Week Low Following Analyst Downgrade

Evertz Technologies Limited (TSE:ET) shares hit a new 52-week low during trading on Thursday after BMO Capital Markets lowered their price target on the stock from C$17.00 to C$15.00. The stock traded as low as C$11.66 and last traded at C$11.75, with a volume of 39581 shares changing hands. The stock had previously closed at C$13.77.

Insider Buying and Selling at Evertz Technologies

In other Evertz Technologies news, insider Evertz Technologies Limited sold 2,529 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$13.39, for a total transaction of C$33,865.33. 64.51% of the stock is currently owned by company insiders.

Evertz Technologies Trading Down 1.7 %

The company has a debt-to-equity ratio of 8.71, a quick ratio of 0.68 and a current ratio of 2.01. The company’s fifty day moving average is C$12.97 and its two-hundred day moving average is C$13.78. The company has a market cap of C$879.65 million, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.79 and a beta of 0.88.

Evertz Technologies (TSE:ET) last released its quarterly earnings data on Wednesday, June 19th. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.04). Evertz Technologies had a return on equity of 27.70% and a net margin of 13.64%. The business had revenue of C$122.77 million during the quarter. On average, research analysts anticipate that Evertz Technologies Limited will post 0.9602837 EPS for the current year.

Evertz Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend is Tuesday, September 17th. Evertz Technologies’s dividend payout ratio is currently 85.71%.

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.