Evertec (EVTC) : Traders are bullish on Evertec (EVTC) as it has outperformed the S&P 500 by a wide margin of 5.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.98%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.91% in the last 1 week, and is up 8.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.8% and the 50-Day Moving Average is 10.01%. EVERTEC, Inc. is up 28.64% in the last 3-month period. Year-to-Date the stock performance stands at 4.42%.
Evertec (NYSE:EVTC): stock turned positive on Friday. Though the stock opened at $16.41, the bulls momentum made the stock top out at $17.27 level for the day. The stock recorded a low of $16.24 and closed the trading day at $17.2, in the green by 7.37%. The total traded volume for the day was 1,180,120. The stock had closed at $16.02 in the previous days trading.
EVERTEC, Inc. is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants, debit network fees and rental fees from point-of-sale (POS) devices and other equipment, net of credit card interchange and assessment fees. The Payment Processing segment provides access to the ATH network and other card networks to financial institutions, including services, such as authorization, processing, management and recording of automated teller machines (ATM) and POS transactions, and ATM management and monitoring. The Business Solutions segment consist of a suite of business process management solutions in various product areas, such as core bank processing, network hosting and management, among others.