Symbolic Logic (NASDAQ:EVOL) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Symbolic Logic (NASDAQ:EVOLGet Rating) in a research report issued on Saturday. The firm set a “buy” rating on the technology company’s stock.

Shares of EVOL stock opened at $1.12 on Friday. The business’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.92. The company has a market capitalization of $13.81 million, a P/E ratio of 18.67 and a beta of 1.57. Symbolic Logic has a twelve month low of $0.84 and a twelve month high of $3.16.

In related news, major shareholder Karen Singer acquired 17,633 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was bought at an average price of $1.81 per share, for a total transaction of $31,915.73. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 45,180 shares of company stock valued at $80,706 over the last three months. Corporate insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Symbolic Logic by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 56,933 shares of the technology company’s stock valued at $122,000 after buying an additional 4,083 shares during the period. Citadel Advisors LLC increased its stake in shares of Symbolic Logic by 102.4% during the 3rd quarter. Citadel Advisors LLC now owns 21,348 shares of the technology company’s stock worth $46,000 after purchasing an additional 10,801 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Symbolic Logic in the 4th quarter valued at about $25,000. Advisor Group Holdings Inc. acquired a new position in shares of Symbolic Logic during the 4th quarter worth approximately $53,000. Finally, Kokino LLC acquired a new position in shares of Symbolic Logic during the 4th quarter worth approximately $2,200,000. 55.96% of the stock is owned by hedge funds and other institutional investors.

Symbolic Logic Company Profile (Get Rating)

Symbolic Logic, Inc, a research and development organization, focuses on developing proprietary algorithms that model and predict behaviour of dynamic systems. It is also developing a set of tools and technologies for applying symbolic content to physical objects to catalog to track real-world objects.

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