Evolution AB (publ) (OTCMKTS:EVGGF) Receives Average Rating of “Hold” from Brokerages

Evolution AB (publ) (OTCMKTS:EVGGF) has been given a consensus rating of “Hold” by the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

EVGGF has been the topic of several analyst reports. BNP Paribas Exane initiated coverage on Evolution AB (publ) in a research note on Thursday, May 14th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Evolution AB (publ) in a research note on Wednesday, May 20th.

Evolution AB (publ) Price Performance

Shares of EVGGF opened at $76.95 on Friday. Evolution AB has a 12-month low of $56.15 and a 12-month high of $92.90. The stock’s fifty day simple moving average is $70.81 and its 200-day simple moving average is $66.78.

Evolution AB (publ) Company Profile

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.