Evertz Technologies (OTCMKTS:EVTZF) Shares Cross Below 200-Day Moving Average of $10.70

Evertz Technologies Limited (OTCMKTS:EVTZF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.70 and traded as low as $9.20. Evertz Technologies shares last traded at $9.20, with a volume of 2,160 shares traded.

EVTZF has been the subject of several recent research reports. BMO Capital Markets dropped their price target on Evertz Technologies from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, July 2nd. Canaccord Genuity decreased their price objective on shares of Evertz Technologies from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Royal Bank of Canada decreased their price objective on shares of Evertz Technologies from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, July 2nd. Finally, Raymond James decreased their price objective on shares of Evertz Technologies from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, June 24th.

The company’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $10.70.

About Evertz Technologies (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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