Evertz Technologies Limited (TSE:ET) Senior Officer Douglas Moore Purchases 4,000 Shares

Evertz Technologies Limited (TSE:ET) Senior Officer Douglas Moore purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of C$12.16 per share, with a total value of C$48,640.00.

Evertz Technologies Stock Performance

Evertz Technologies stock opened at C$12.31 on Friday. Evertz Technologies Limited has a twelve month low of C$11.39 and a twelve month high of C$15.45. The company has a market capitalization of C$936.91 million, a P/E ratio of 14.65, a PEG ratio of 0.79 and a beta of 0.86. The stock’s 50 day moving average is C$12.18 and its 200 day moving average is C$12.67. The company has a quick ratio of 0.68, a current ratio of 2.00 and a debt-to-equity ratio of 8.42.

Evertz Technologies Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ET shares. Canaccord Genuity Group increased their price target on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets dropped their price target on Evertz Technologies from C$17.00 to C$15.00 in a research report on Thursday, September 12th.

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.