Devolver Digital (LON:DEVO) Stock Price Down 4.7% – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) shares were down 4.7% on Monday . The stock traded as low as GBX 7.53 and last traded at GBX 7.62. Approximately 6,425,871 shares changed hands during mid-day trading, an increase of 1,372% from the average session volume of 436,441 shares. The stock had previously closed at GBX 8.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DEVO. Berenberg Bank restated a “buy” rating and issued a GBX 28 price objective on shares of Devolver Digital in a research note on Wednesday, July 1st. Shore Capital Group reiterated a “buy” rating and set a GBX 27 target price on shares of Devolver Digital in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 27.50.

Devolver Digital Price Performance

The business’s fifty day simple moving average is GBX 14.88 and its 200-day simple moving average is GBX 20.12. The company has a current ratio of 1.78, a quick ratio of 4.85 and a debt-to-equity ratio of 0.57. The firm has a market cap of £37.83 million, a P/E ratio of -2.24 and a beta of -0.43.

Devolver Digital Company Profile

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.