Evolving Systems Inc. (EVOL) Reaches New 1-Year Low at $4.02
Evolving Systems Inc. (NASDAQ:EVOL)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $4.02 and last traded at $4.02, with a volume of 62,968 shares changing hands. The stock had previously closed at $4.04.
Several brokerages recently commented on EVOL. Maxim Group upped their price target on shares of Evolving Systems from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Evolving Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $7.75.
The company has a market cap of $47.46 million and a price-to-earnings ratio of 16.75. The company has a 50-day moving average price of $4.64 and a 200 day moving average price of $5.23.
In other Evolving Systems news, Director Julian D. Singer purchased 8,982 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average cost of $4.12 per share, with a total value of $37,005.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julian D. Singer purchased 19,900 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $83,580.00. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.