StockNews.com initiated coverage on shares of Evolving Systems (NASDAQ:EVOL – Get Rating) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the technology company’s stock.
Shares of EVOL stock opened at $1.28 on Tuesday. The firm’s 50-day moving average is $1.82 and its 200-day moving average is $2.15. The stock has a market cap of $15.79 million, a price-to-earnings ratio of 21.34 and a beta of 1.29. Evolving Systems has a 52-week low of $1.27 and a 52-week high of $3.16.
In other news, major shareholder Karen Singer bought 170,218 shares of the company’s stock in a transaction dated Tuesday, January 25th. The shares were bought at an average cost of $1.85 per share, with a total value of $314,903.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 390,318 shares of company stock worth $711,095. 6.70% of the stock is owned by insiders.
Evolving Systems Company Profile (Get Rating)
Evolving Systems, Inc provides real-time digital engagement solutions and services to the wireless carrier and consumer financial service markets in the United Kingdom and internationally. The company offers acquisition and activation solutions, including Smart Dealer, a tool set that enables SIM retailers to sell SIM cards; and Dynamic SIM Allocation, a SIM/eSIM activation solution.
- Get a free copy of the StockNews.com research report on Evolving Systems (EVOL)
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