Evolving Systems (EVOL) Announces Quarterly Earnings Results

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Evolving Systems (NASDAQ:EVOL) released its quarterly earnings results on Tuesday. The technology company reported $0.06 earnings per share (EPS) for the quarter, Morningstar.com reports. Evolving Systems had a return on equity of 5.63% and a net margin of 3.28%. The business had revenue of $7.42 million during the quarter.

NASDAQ:EVOL traded up $0.06 during mid-day trading on Wednesday, hitting $1.63. 911 shares of the company traded hands, compared to its average volume of 15,335. Evolving Systems has a one year low of $1.56 and a one year high of $5.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.47. The firm has a market capitalization of $19.39 million, a PE ratio of 10.00 and a beta of 0.69.

A hedge fund recently raised its stake in Evolving Systems stock. Lapides Asset Management LLC raised its stake in shares of Evolving Systems Inc (NASDAQ:EVOL) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 376,000 shares of the technology company’s stock after purchasing an additional 29,000 shares during the period. Lapides Asset Management LLC owned 3.10% of Evolving Systems worth $1,072,000 as of its most recent SEC filing. 37.98% of the stock is owned by hedge funds and other institutional investors.

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About Evolving Systems

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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Earnings History for Evolving Systems (NASDAQ:EVOL)

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