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

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

Wall Street Analysts Forecast Growth

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

Evolution AB (publ) Stock Up 3.9%

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

Evolution AB (publ) Company Profile

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.