Evertz Technologies (TSE:ET) Trading Down 12.1% Following Analyst Downgrade - American Market News

Evertz Technologies Limited ( TSE:ET – Get Free Report ) shares dropped 12.1% during trading on Tuesday after Canaccord Genuity Group downgraded the stock from a buy rating to a hold rating. Canaccord Genuity Group now has a C$15.00 price target on the stock, down from their previous price target of C$18.00. Evertz Technologies traded as low as C$13.05 and last traded at C$13.05. Approximately 185,968 shares traded hands during trading, an increase of 491% from the average daily volume of 31,476 shares. The stock had previously closed at C$14.85.