Evertz Technologies (OTCMKTS:EVTZF) Stock Passes Above 50-Day Moving Average – Should You Sell?

Evertz Technologies Limited (OTCMKTS:EVTZF) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.52 and traded as high as $9.95. Evertz Technologies shares last traded at $9.95, with a volume of 200 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 report on Thursday, December 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Evertz Technologies has an average rating of “Moderate Buy”.

Evertz Technologies Stock Performance

The stock has a 50-day moving average of $9.52 and a 200-day moving average of $9.11.

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.