Evertz Technologies (TSE:ET) Hits New 1-Year Low – Time to Sell?

Shares of Evertz Technologies Limited (TSE:ET) hit a new 52-week low during trading on Wednesday . The company traded as low as C$10.83 and last traded at C$10.84, with a volume of 13059 shares trading hands. The stock had previously closed at C$10.96.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ET shares. Raymond James lowered their price target on Evertz Technologies from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. BMO Capital Markets decreased their target price on Evertz Technologies from C$15.00 to C$13.50 in a research report on Thursday, March 6th. Finally, Canaccord Genuity Group raised their target price on Evertz Technologies from C$15.25 to C$15.50 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Evertz Technologies Price Performance

The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. The stock has a market cap of C$835.65 million, a PE ratio of 14.44, a P/E/G ratio of 0.79 and a beta of 0.86. The company’s 50 day moving average is C$11.96 and its 200-day moving average is C$12.12.

Evertz Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 20th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend was Thursday, March 13th. Evertz Technologies’s payout ratio is 103.22%.

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.