Evolution AB (publ) (OTCMKTS:EVGGF) Stock Now Rated “Hold” by Sell-Side Analysts

Evolution AB (publ) (OTCMKTS:EVGGF) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company.

Several equities analysts recently issued reports on the stock. UBS Group upgraded shares of Evolution AB (publ) to a “neutral” rating in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Evolution AB (publ) in a research report on Monday, July 20th.

Evolution AB (publ) Stock Down 4.0%

OTCMKTS:EVGGF opened at $83.45 on Tuesday. Evolution AB has a 52 week low of $56.15 and a 52 week high of $91.29. The firm’s fifty day moving average is $82.74 and its 200-day moving average is $73.86.

About Evolution AB (publ)

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.