Evertz Technologies (OTCMKTS:EVTZF) Shares Cross Above 50-Day Moving Average – Here’s Why

Evertz Technologies Limited (OTCMKTS:EVTZF) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.40 and traded as high as $9.91. Evertz Technologies shares last traded at $9.91, with a volume of 400 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EVTZF shares. BMO Capital Markets reissued an “outperform” rating on shares of Evertz Technologies in a research report on Thursday, December 11th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Evertz Technologies in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Evertz Technologies Stock Up 0.3%

The firm has a fifty day moving average price of $9.40 and a 200 day moving average price of $9.07.

About Evertz Technologies

Evertz Technologies is a Canadian-based technology company specializing in the design, manufacture and distribution of hardware and software solutions for the media and entertainment industry. Headquartered in Burlington, Ontario, the company develops end-to-end systems for video production, signal processing, content distribution and network management. Evertz serves a diverse range of customers including broadcasters, cable and satellite operators, streaming services and live event producers.

The company’s product portfolio encompasses video routers, encoders and decoders, multiviewers, telemetry and monitoring systems, as well as software-defined infrastructure for IP-based media workflows.