Devolver Digital (LON:DEVO) Shares Up 8.3% – Here’s What Happened

Shares of Devolver Digital, Inc. (LON:DEVO) were up 8.3% during mid-day trading on Friday . The stock traded as high as GBX 7.90 and last traded at GBX 7.85. Approximately 791,908 shares changed hands during trading, an increase of 122% from the average session volume of 357,326 shares. The stock had previously closed at GBX 7.25.

Analysts Set New Price Targets

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

Devolver Digital Price Performance

The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The company has a market capitalization of £38.91 million, a P/E ratio of -2.31 and a beta of -0.43. The business has a 50 day simple moving average of GBX 17.04 and a 200-day simple moving average of GBX 21.11.

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.