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

StockNews.com started coverage on shares of Symbolic Logic (NASDAQ:EVOL – Get Rating) in a research note issued on Sunday. The firm set a “buy” rating on the technology company’s stock.

Shares of EVOL opened at $1.47 on Friday. The firm has a market capitalization of $18.13 million, a P/E ratio of 24.50 and a beta of 1.57. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.87. Symbolic Logic has a 12-month low of $0.84 and a 12-month high of $3.16.

In related news, major shareholder Karen Singer acquired 17,633 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were bought at an average price of $1.81 per share, with a total value of $31,915.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 19,037 shares of company stock worth $34,432. 6.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EVOL. Geode Capital Management LLC lifted its holdings in shares of Symbolic Logic by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 56,933 shares of the technology company’s stock worth $122,000 after acquiring an additional 4,083 shares during the period. Citadel Advisors LLC grew its position in Symbolic Logic by 102.4% in the third quarter. Citadel Advisors LLC now owns 21,348 shares of the technology company’s stock valued at $46,000 after acquiring an additional 10,801 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Symbolic Logic during the fourth quarter worth approximately $25,000. Advisor Group Holdings Inc. acquired a new stake in shares of Symbolic Logic during the fourth quarter worth approximately $53,000. Finally, Kokino LLC acquired a new stake in shares of Symbolic Logic during the fourth quarter worth approximately $2,200,000. Institutional investors own 55.96% of the company’s stock.

About Symbolic Logic (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.

Read More