Evertz Technologies (TSE:ET) Shares Cross Above 200-Day Moving Average of $12.11

by Atma
09/06/2023

Evertz Technologies (TSE:ET) Shares Cross Above 200-Day Moving Average of .11

Evertz Technologies Limited (TSE:ET – Get Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.11 and trades as high as C$12.79. Evertz Technologies shares last traded at C$12.50, with a volume of 10,255 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ET. Raymond James lowered their price target on shares of Evertz Technologies from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Friday, March 3rd. Canaccord Genuity Group decreased their price target on shares of Evertz Technologies from C$16.50 to C$15.00 in a research note on Friday, March 3rd. Finally, BMO Capital Markets lowered their target price on shares of Evertz Technologies from C$16.00 to C$15.00 in a report on Friday, March 3rd.

Evertz Technologies Stock Performance

The stock’s 50-day moving average price is C$11.87 and its 200-day moving average price is C$12.11. The company has a debt-to-equity ratio of 13.77, a current ratio of 1.92 and a quick ratio of 0.68. The company has a market cap of C$952.25 million, a P/E ratio of 14.71, a PEG ratio of 0.79 and a beta of 0.76.

Evertz Technologies Company Profile

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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 encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, accessories, and network management systems.

Evertz Technologies Limited (TSE:ET – Get Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.11 and trades as high as C$12.79. Evertz Technologies shares last traded at C$12.50, with a volume of 10,255 shares. Analyst Upgrades and Downgrades Several brokerages have issued reports on ET. Raymond James lowered their price target on shares of Evertz Technologies from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Friday, March 3rd. Canaccord Genuity Group decreased their price target…