Evolving Systems (NASDAQ:EVOL) Trading Up 19.8%

Evolving Systems Inc (NASDAQ:EVOL)’s stock price was up 19.8% during trading on Thursday . The company traded as high as $1.27 and last traded at $1.15, approximately 149,339 shares were traded during trading. An increase of 405% from the average daily volume of 29,551 shares. The stock had previously closed at $0.96.

The business’s fifty day moving average price is $0.87 and its 200 day moving average price is $0.93. The company has a market capitalization of $11.55 million, a P/E ratio of 6.78 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.10.

A hedge fund recently raised its stake in Evolving Systems stock. Vanguard Group Inc. boosted its position in shares of Evolving Systems Inc (NASDAQ:EVOL) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,037 shares of the technology company’s stock after purchasing an additional 27,095 shares during the period. Vanguard Group Inc. owned about 1.26% of Evolving Systems worth $121,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.69% of the company’s stock.

About Evolving Systems (NASDAQ:EVOL)

Evolving Systems, Inc provides real-time digital engagement solutions and services to the wireless, wireline, and cable markets in the United Kingdom and internationally. The company offers acquisition and activation solutions, including Smart Dealer, a tool set that enables SIM retailers to sell SIM cards; and Dynamic SIM Allocation, a SIM Activation solution.

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