Evolution AB (publ) (EVGGF) – What Are Analysts Saying About This Stock?

Shares of Evolution AB (publ) (OTCMKTS:EVGGF) have received a consensus recommendation of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company.

Several research analysts have issued reports on EVGGF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of Evolution AB (publ) in a research note on Monday, July 20th. UBS Group raised Evolution AB (publ) to a “neutral” rating in a research note on Monday, August 3rd. Finally, BNP Paribas Exane lowered Evolution AB (publ) from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 29th.

Evolution AB (publ) Price Performance

Shares of EVGGF traded down $0.59 during mid-day trading on Friday, hitting $79.49. 1,267 shares of the company traded hands, compared to its average volume of 5,941. The business has a 50-day moving average of $84.10 and a 200 day moving average of $75.80. Evolution AB has a one year low of $56.15 and a one year high of $91.29.

Evolution AB (publ) Company Profile

Evolution AB (publ) is a Sweden-based business-to-business provider of online casino entertainment. The company develops and supplies live casino games, casino table games, game shows, and other interactive gaming products to online gaming operators, land-based casinos, and betting platforms. Its services are designed to be integrated into customers’ websites and mobile applications.

The company began operations in 2006 as Evolution Gaming and has expanded from live casino into a broader portfolio of gaming content.