Evolving Systems, Inc. (NASDAQ:EVOL) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $3.21 and last traded at $3.40, with a volume of 2800 shares changing hands. The stock had previously closed at $3.40.
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.54 and a quick ratio of 1.19. The firm has a market cap of $41.97 million, a P/E ratio of 12.41 and a beta of 0.59.
Evolving Systems (NASDAQ:EVOL) last released its earnings results on Tuesday, April 3rd. The technology company reported ($0.01) EPS for the quarter. Evolving Systems had a net margin of 8.73% and a return on equity of 9.92%. The business had revenue of $9.17 million during the quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. Kokino LLC lifted its holdings in Evolving Systems by 25.0% in the fourth quarter. Kokino LLC now owns 1,250,000 shares of the technology company’s stock valued at $5,875,000 after acquiring an additional 250,000 shares during the period. Renaissance Technologies LLC raised its stake in shares of Evolving Systems by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 596,499 shares of the technology company’s stock worth $2,804,000 after buying an additional 26,733 shares during the last quarter. Lapides Asset Management LLC raised its stake in shares of Evolving Systems by 6.2% during the 1st quarter. Lapides Asset Management LLC now owns 347,000 shares of the technology company’s stock worth $1,671,000 after buying an additional 20,200 shares during the last quarter. Perritt Capital Management Inc. raised its stake in shares of Evolving Systems by 15.2% during the 4th quarter. Perritt Capital Management Inc. now owns 310,000 shares of the technology company’s stock worth $1,457,000 after buying an additional 41,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Evolving Systems by 28.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 120,797 shares of the technology company’s stock worth $586,000 after buying an additional 27,008 shares during the last quarter. 35.80% of the stock is owned by institutional investors.
About Evolving Systems
Evolving Systems, Inc provides software solutions and services to the wireless, wireline, and cable markets in the United Kingdom, Nigeria, Mexico, and internationally. It offers Real-time Lifecycle Marketing platform, which monitors customer events and behavioral patterns in real-time; Dynamic SIM Allocation, a SIM card activation solution that allocates and assigns resources to mobile network operators devices that rely on SIM cards; and Mobile Data Enablement solution, a data consumption and policy management solution, which monitors the usage and consumption of data services for wireless carriers and mobile virtual network operators.
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