Devolver Digital (LON:DEVO) Stock Price Down 13.4% – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) shares were down 13.4% during trading on Wednesday . The stock traded as low as GBX 7.25 and last traded at GBX 7.25. 427,648 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 390,195 shares. The stock had previously closed at GBX 8.38.

Wall Street Analyst Weigh In

DEVO has been the topic of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 28 price target on shares of Devolver Digital in a research note on Wednesday, July 1st. Shore Capital Group reissued a “buy” rating and issued a GBX 27 target price on shares of Devolver Digital in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Devolver Digital presently has a consensus rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Price Performance

The company has a market cap of £36.67 million, a P/E ratio of -2.13 and a beta of -0.43. The company has a fifty day moving average price of GBX 12.81 and a two-hundred day moving average price of GBX 18.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78.

About Devolver Digital

Devolver Digital Inc develops, publishes video games for PC and mobile devices in the United States and internationally. Devolver Digital Inc was incorporated in 2008 and is based in Austin, Texas.