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Evolution Gaming Group AB ( (SE:EVO) ) has issued an announcement.
Evolution AB has acquired 205,000 of its own shares as part of a repurchase program aimed at improving its capital structure and increasing shareholder value. This initiative, conducted in compliance with EU regulations, signifies Evolution’s strategic efforts to strengthen its financial position and enhance its market standing.
The most recent analyst rating on (SE:EVO) stock is a Buy with a SEK1125.00 price target. To see the full list of analyst forecasts on Evolution Gaming Group AB stock, see the SE:EVO Stock Forecast page.
More about Evolution Gaming Group AB
Evolution AB (publ) develops, produces, markets, and licenses fully integrated B2B online casino solutions to gaming operators. Since its inception in 2006, Evolution has become a leading B2B provider with over 800 operators as customers. The company employs more than 22,200 people in studios across Europe and North America, and is based in Sweden, listed on Nasdaq Stockholm. Evolution is licensed and regulated by the Malta Gaming Authority and other jurisdictions including the UK, Belgium, Canada, and South Africa.
Average Trading Volume: 617,726
Technical Sentiment Signal: Hold
Current Market Cap: SEK161.9B
Learn more about EVO stock on TipRanks’ Stock Analysis page.