Evolving Systems (EVOL) Reaches New 1-Year High and Low at $3.15

Evolving Systems, Inc. (NASDAQ:EVOL) reached a new 52-week high and low on Tuesday . The company traded as low as $3.15 and last traded at $3.25, with a volume of 7008 shares trading hands. The stock had previously closed at $3.40.

The firm has a market cap of $42.40 million, a price-to-earnings ratio of 15.22 and a beta of 0.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 1.20.

Evolving Systems (NASDAQ:EVOL) last released its quarterly earnings results on Tuesday, April 3rd. The technology company reported ($0.01) earnings per share for the quarter. Evolving Systems had a net margin of 6.52% and a return on equity of 8.27%. The business had revenue of $9.17 million for the quarter.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Evolving Systems by 28.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 120,797 shares of the technology company’s stock valued at $586,000 after purchasing an additional 27,008 shares in the last quarter. Perritt Capital Management Inc. increased its holdings in Evolving Systems by 15.2% during the 4th quarter. Perritt Capital Management Inc. now owns 310,000 shares of the technology company’s stock valued at $1,457,000 after purchasing an additional 41,000 shares in the last quarter. Lapides Asset Management LLC increased its holdings in Evolving Systems by 6.2% during the 1st quarter. Lapides Asset Management LLC now owns 347,000 shares of the technology company’s stock valued at $1,671,000 after purchasing an additional 20,200 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Evolving Systems by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 596,499 shares of the technology company’s stock valued at $2,804,000 after purchasing an additional 26,733 shares in the last quarter. Finally, Kokino LLC increased its holdings in Evolving Systems by 25.0% during the 4th quarter. Kokino LLC now owns 1,250,000 shares of the technology company’s stock valued at $5,875,000 after purchasing an additional 250,000 shares in the last quarter. 35.63% of the stock is owned by hedge funds and other 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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