Evolution AB (publ) (EVGGF) – What Are Brokerages Thinking About This Stock?

Evolution AB (publ) (OTCMKTS:EVGGF) has earned an average rating of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Evolution AB (publ) in a research report 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 report on Tuesday, September 29th.

Evolution AB (publ) Trading Down 0.7%

OTCMKTS EVGGF traded down $0.59 during trading hours on Friday, hitting $79.49. The company’s stock had a trading volume of 1,267 shares, compared to its average volume of 5,941. The stock has a fifty day moving average of $84.10 and a 200 day moving average of $75.80. Evolution AB has a twelve month low of $56.15 and a twelve month 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.