Evertz Technologies Limited (ET) Director Rakesh Thakor Patel Sells 60,600 Shares

Evertz Technologies Limited (TSE:ET) Director Rakesh Thakor Patel sold 60,600 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of C$17.10, for a total transaction of C$1,036,302.42. Following the completion of the transaction, the director now directly owns 249,100 shares of the company’s stock, valued at approximately C$4,259,784.37.

Shares of Evertz Technologies stock traded down C$0.25 on Friday, reaching C$17.40. The company had a trading volume of 15,960 shares, compared to its average volume of 20,115. The company has a market capitalization of $1.35 billion and a price-to-earnings ratio of 19.73. Evertz Technologies Limited has a 52-week low of C$14.68 and a 52-week high of C$18.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 3.68.

Evertz Technologies (TSE:ET) last released its quarterly earnings results on Wednesday, March 13th. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$120.94 million during the quarter. Equities analysts expect that Evertz Technologies Limited will post 1.01999996536503 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.14%. The ex-dividend date was Thursday, March 21st. Evertz Technologies’s dividend payout ratio (DPR) is presently 81.63%.

Several research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Evertz Technologies from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Raymond James restated an “outperform” rating and set a C$18.00 price target on shares of Evertz Technologies in a research report on Thursday, March 14th.

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Evertz Technologies Company Profile

Evertz Technologies Limited designs, manufactures, and distributes 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 encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

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