Avid Technology, Inc. (OTCMKTS:AVID) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Avid Technology, Inc. (OTCMKTS:AVID) from a sell rating to a hold rating in a research note released on Tuesday, October 17th.

According to Zacks, “Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The company’s systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems. “

Separately, ValuEngine downgraded shares of Avid Technology from a buy rating to a hold rating in a report on Friday, September 1st.

Shares of Avid Technology (OTCMKTS AVID) traded up $0.07 during trading on Tuesday, reaching $4.33. 69,211 shares of the company’s stock were exchanged, compared to its average volume of 155,590. Avid Technology has a 1 year low of $3.99 and a 1 year high of $6.36.

ILLEGAL ACTIVITY NOTICE: “Avid Technology, Inc. (OTCMKTS:AVID) Upgraded at Zacks Investment Research” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/avid-technology-inc-avid-upgraded-by-zacks-investment-research-to-hold/1721085.html.

Hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in Avid Technology by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 92,881 shares of the technology company’s stock valued at $489,000 after purchasing an additional 551 shares in the last quarter. Rhumbline Advisers raised its stake in Avid Technology by 1.5% during the second quarter. Rhumbline Advisers now owns 38,892 shares of the technology company’s stock valued at $205,000 after purchasing an additional 558 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Avid Technology by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 29,927 shares of the technology company’s stock valued at $158,000 after purchasing an additional 2,386 shares in the last quarter. Voya Investment Management LLC raised its stake in Avid Technology by 25.6% during the second quarter. Voya Investment Management LLC now owns 20,703 shares of the technology company’s stock valued at $109,000 after purchasing an additional 4,220 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Avid Technology by 5.2% during the second quarter. Nationwide Fund Advisors now owns 147,341 shares of the technology company’s stock valued at $775,000 after purchasing an additional 7,219 shares in the last quarter.

Avid Technology Company Profile

Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.

Get a free copy of the Zacks research report on Avid Technology (AVID)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Avid Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avid Technology Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.