Evertz Technologies (TSE:ET) Hits New 1-Year Low – Here’s What Happened

Evertz Technologies Limited (TSE:ET) shares reached a new 52-week low on Wednesday . The stock traded as low as C$10.87 and last traded at C$10.87, with a volume of 13767 shares traded. The stock had previously closed at C$10.96.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James cut 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 report on Thursday, March 6th. Canaccord Genuity Group increased their price target on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, BMO Capital Markets lowered their price objective on Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday, March 6th.

Evertz Technologies Price Performance

The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The stock has a market capitalization of C$846.37 million, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The business’s 50 day simple moving average is C$12.05 and its 200-day simple moving average is C$12.20.

Evertz Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend was Thursday, March 13th. Evertz Technologies’s dividend payout ratio (DPR) is 103.22%.

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.