StockNews.com Begins Coverage on Evolve Transition Infrastructure (NYSE:SNMP)

StockNews.com assumed coverage on shares of Evolve Transition Infrastructure (NYSE:SNMP) in a research report report published on Sunday morning. The brokerage issued a hold rating on the stock.

Evolve Transition Infrastructure Trading Down 2.9 %

Shares of SNMP opened at $1.33 on Friday. The firm has a market capitalization of $11.21 million, a P/E ratio of -0.27 and a beta of 1.12. The stock’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.43. Evolve Transition Infrastructure has a twelve month low of $0.14 and a twelve month high of $297.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Evolve Transition Infrastructure stock. Invesco Ltd. acquired a new stake in Evolve Transition Infrastructure LP (NYSE:SNMP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,252 shares of the company’s stock, valued at approximately $86,000. Invesco Ltd. owned 0.69% of Evolve Transition Infrastructure at the end of the most recent reporting period.

About Evolve Transition Infrastructure

Evolve Transition Infrastructure LP, together with its subsidiaries, engages in the acquisition, development, ownership, and operation of infrastructure for the transition of energy supply to lower carbon sources in the United States. The company engages in gathering, processing, and transporting natural gas, NGLs, and crude oil.