Evertz Technologies (OTCMKTS:EVTZF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Evertz Technologies Limited (OTCMKTS:EVTZF)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.79 and traded as high as $10.73. Evertz Technologies shares last traded at $10.70, with a volume of 1,650 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EVTZF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Evertz Technologies in a research note on Thursday, December 11th. BMO Capital Markets reissued an “outperform” rating on shares of Evertz Technologies in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Evertz Technologies Trading Up 9.5%

The business has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $9.19.

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.