Evolving Systems Inc. (NASDAQ:EVOL)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $4.02 and last traded at $4.03, with a volume of 70,776 shares. The stock had previously closed at $4.08.

A number of equities analysts recently commented on the stock. Maxim Group raised their price target on shares of Evolving Systems from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, May 4th. Zacks Investment Research lowered shares of Evolving Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Evolving Systems presently has an average rating of “Hold” and an average target price of $7.75.

The stock has a market cap of $48.05 million and a PE ratio of 16.96. The company’s 50-day moving average is $4.86 and its 200-day moving average is $5.28.

In related news, Director Julian D. Singer purchased 19,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average cost of $4.20 per share, with a total value of $83,580.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Julian D. Singer purchased 8,982 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of $4.12 per share, for a total transaction of $37,005.84. The disclosure for this purchase can be found here.

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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