Evolving Systems Inc. (EVOL) Sets New 12-Month Low at $4.03
Shares of Evolving Systems Inc. (NASDAQ:EVOL) reached a new 52-week low during trading on Wednesday . The company traded as low as $4.03 and last traded at $4.13, with a volume of 50,879 shares changing hands. The stock had previously closed at $4.09.
EVOL has been the subject of a number of recent analyst reports. Zacks Investment Research cut Evolving Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Maxim Group boosted their price objective on Evolving Systems from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $7.75.
The stock has a market capitalization of $49.64 million and a PE ratio of 17.5204. The company has a 50 day moving average of $5.03 and a 200 day moving average of $5.32.
Evolving Systems, Inc is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The Company operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators.
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