Insider Buying: Evertz Technologies Limited (TSE:ET) Senior Officer Buys C$48,640.00 in Stock

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

Evertz Technologies Trading Up 3.4 %

TSE ET opened at C$12.31 on Monday. The stock has a market capitalization of C$936.91 million, a price-to-earnings ratio of 14.65, a PEG ratio of 0.79 and a beta of 0.86. Evertz Technologies Limited has a 52 week low of C$11.39 and a 52 week high of C$15.45. The stock’s 50 day moving average price is C$12.18 and its two-hundred day moving average price is C$12.64. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.68 and a current ratio of 2.00.

Evertz Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.20 per share. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 19th. This represents a $0.80 annualized dividend and a dividend yield of 6.50%. Evertz Technologies’s payout ratio is 92.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. BMO Capital Markets cut their target price on Evertz Technologies from C$17.00 to C$15.00 in a research note 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 company a “buy” rating in a research note on Wednesday, December 11th.

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.