Green Alpha Advisors LLC Takes Position in Evertz Technologies Limited $EVTZF

Green Alpha Advisors LLC bought a new position in Evertz Technologies Limited (OTCMKTS:EVTZF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 44,416 shares of the company’s stock, valued at approximately $1,074,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Evertz Technologies in the second quarter valued at $158,000. Deutsche Bank AG bought a new stake in Evertz Technologies during the second quarter worth about $468,000. GSA Capital Partners LLP purchased a new position in shares of Evertz Technologies in the 2nd quarter worth about $1,691,000. Bank of New York Mellon Corp purchased a new position in shares of Evertz Technologies in the 2nd quarter worth about $1,968,000. Finally, BlackRock Inc. bought a new position in shares of Evertz Technologies during the 2nd quarter valued at about $41,975,000. 6.23% of the stock is currently owned by hedge funds and other institutional investors.

Evertz Technologies Stock Performance

EVTZF opened at $11.84 on Friday. The stock’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.85. Evertz Technologies Limited has a 1 year low of $8.65 and a 1 year high of $14.72.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EVTZF shares. BMO Capital Markets reissued an “outperform” rating on shares of Evertz Technologies in a report on Thursday, June 25th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Evertz Technologies in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Evertz Technologies presently has an average rating of “Moderate Buy”.

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.