Evolution AB (publ) (OTCMKTS:EVGGF) Trading 3.9% Higher – Here’s Why

Shares of Evolution AB (publ) (OTCMKTS:EVGGF) shot up 3.9% during trading on Monday . The stock traded as high as $68.40 and last traded at $68.1275. 3,899 shares traded hands during trading, a decline of 29% from the average session volume of 5,456 shares. The stock had previously closed at $65.56.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup downgraded shares of Evolution AB (publ) from a “buy” rating to a “neutral” rating in a research report on Thursday, December 11th. Pareto Securities lowered Evolution AB (publ) to a “hold” rating in a research note on Thursday, October 23rd. Barclays cut Evolution AB (publ) to an “underweight” rating in a report on Thursday, December 18th. Finally, Jefferies Financial Group lowered Evolution AB (publ) to a “hold” rating in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Evolution AB (publ) Stock Up 3.9%

The stock’s 50 day moving average is $67.28 and its two-hundred day moving average is $76.79.

About Evolution AB (publ)

Evolution AB (publ) is a Sweden-based company that specializes in providing live casino solutions to the global online gaming industry. Since its founding in 2006 and subsequent listing on Nasdaq Stockholm in 2015, the company has focused on delivering real-time, interactive gaming experiences by streaming professional dealers from studio environments to operator platforms. Its offering includes classic table games such as roulette, blackjack and baccarat, as well as a growing portfolio of proprietary live game shows and RNG (random number generator) slot titles.

Evolution operates a network of purpose-built studios across Europe, North America and Latin America, serving licensed and regulated markets in more than 20 jurisdictions.