Evertz Technologies Limited (TSE:ET – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.85 and traded as high as C$14.33. Evertz Technologies shares last traded at C$14.23, with a volume of 8,618 shares changing hands.
Wall Street Analysts Forecast Growth
ET has been the topic of several research analyst reports. Raymond James raised their price objective on Evertz Technologies from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, December 7th. BMO Capital Markets lifted their price target on Evertz Technologies from C$15.50 to C$16.00 in a research note on Thursday, December 7th.
Evertz Technologies Price Performance
Evertz Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 15th were paid a dividend of $0.195 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.78 dividend on an annualized basis and a yield of 5.63%. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.19. Evertz Technologies’s payout ratio is 87.64%.
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.
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