Evolution AB (publ) (OTCMKTS:EVGGF) Trading 6.5% Higher – Here’s What Happened

Evolution AB (publ) (OTCMKTS:EVGGF) was up 6.5% on Tuesday . The stock traded as high as $89.48 and last traded at $89.48. Approximately 10 shares traded hands during trading, a decline of 100% from the average daily volume of 6,906 shares. The stock had previously closed at $84.05.

Analyst Ratings Changes

Several research firms recently weighed in on EVGGF. UBS Group upgraded Evolution AB (publ) to a “neutral” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Evolution AB (publ) in a research note on Monday, July 20th. Citigroup restated a “neutral” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Finally, BNP Paribas Exane initiated coverage on shares of Evolution AB (publ) in a research note on Thursday, May 14th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Evolution AB (publ) Stock Performance

The firm has a 50 day moving average price of $74.58 and a 200 day moving average price of $69.51.

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.