Devolver Digital (LON:DEVO) Sets New 12-Month Low – What’s Next?

Shares of Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 5.25 and last traded at GBX 6.80, with a volume of 3572976 shares. The stock had previously closed at GBX 6.88.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Shore Capital Group restated a “buy” rating and issued a GBX 27 price target on shares of Devolver Digital in a report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 28 target price on shares of Devolver Digital in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 27.50.

Devolver Digital Trading Down 1.1%

The firm has a market cap of £34.40 million, a price-to-earnings ratio of -2.00 and a beta of -0.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 4.85. The business has a 50-day moving average of GBX 11.93 and a 200-day moving average of GBX 18.36.

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.