Evolution AB (publ) (OTCMKTS:EVGGF) Given Average Recommendation of “Hold” by Analysts

Evolution AB (publ) (OTCMKTS:EVGGF) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company.

A number of research firms have recently weighed in on EVGGF. UBS Group upgraded shares of Evolution AB (publ) to a “neutral” rating in a research note on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Evolution AB (publ) in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Evolution AB (publ) in a research 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 on the stock.

Evolution AB (publ) Trading Down 3.5%

Evolution AB (publ) stock opened at $86.36 on Friday. Evolution AB has a 12-month low of $56.15 and a 12-month high of $91.33. The business’s 50-day moving average price is $75.14 and its two-hundred day moving average price is $69.88.

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.