Evertec, Inc. stock trades under the ticker EVTC & has shown recent bullishness that traders & investors should research further into.
EVTC stock closed at $33.48/share on 9/6/2022.
Evertec, Inc. EVTC Stock’s Technical Performance Broken Down
EVTC Stock Price: $33.48
10 Day Moving Average: $33.62
50 Day Moving Average: $36.02
200 Day Moving Average: $40.37
RSI: 38.19
MACD: -0.832
Yesterday, EVTC stock completed a bullish MACD crossover, but was unable to settle above its 10 day moving average.
Recent trading volumes have been above average, and their RSI is oversold, signaling that there may be some near-term upward momentum to come.
They have support at the $33.01 & $32.57/share price levels, as they attempt to break out above the $33.53 & $34.75/share resistance levels.
Evertec, Inc. EVTC Stock As A Long-Term Investment
Long-term oriented investors will like EVTC’s 16.28 P/E (ttm), but will find their 4.33 P/B (mrq) to be a bit too rich.
They recently reported 7.7% Quarterly Revenue Growth Y-o-Y, despite -31.7% Quarterly Earnings Growth Y-o-Y, which is something investors will need to check out.
Their balance sheet will also require a review before investing, with $288.1M of Total Cash (mrq) & $476.1M of Total Debt (mrq).
EVTC stock pays a modest 0.6% dividend, which appears to be stable in the long-run, as their payout ratio is 9.76%.
90.95% of EVTC stock’s outstanding share float is owned by institutional investors.
Evertec, Inc. EVTC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in EVTC stock, while also protecting their portfolios against broader market volatility.
I am looking at the contracts with the 9/16 expiration date.
There are no call options currently in-the-money, with the $35 strike being the closest liquid strike.
The $35 puts are in-the-money & have modest open interest levels.
Tying It All Together
EVTC stock has many interesting characteristics that traders & investors should find appealing.
Investors will like their P/E & stable dividend yield, but may want to look into their balance sheet a bit deeper.
Traders will like their recent technical resilience in a volatile market, but may be disappointed by how illiquid their options are.
Overall, it is worth taking a closer look at EVTC stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF EVTC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***