Evertz Technologies (OTCMKTS:EVTZF) Shares Pass Below 200-Day Moving Average of $9.50

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Evertz Technologies Limited (OTCMKTS:EVTZF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.50 and traded as low as $8.55. Evertz Technologies shares last traded at $8.59, with a volume of 6,700 shares.

A number of equities analysts have commented on the stock. Canaccord Genuity reduced their target price on shares of Evertz Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Royal Bank of Canada reduced their target price on shares of Evertz Technologies from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, July 2nd. Raymond James reduced their target price on shares of Evertz Technologies from $19.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, June 24th. Finally, BMO Capital Markets reduced their target price on shares of Evertz Technologies from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, July 2nd.

The company’s fifty day moving average price is $9.24 and its 200-day moving average price is $9.49.

Evertz Technologies Company Profile (OTCMKTS:EVTZF)

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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