Shore Capital Group Downgrades tinyBuild (LON:TBLD) to Sell

tinyBuild (LON:TBLD) was downgraded by analysts at Shore Capital Group to a “sell” rating in a note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 9 target price on the stock. Shore Capital Group’s price target suggests a potential downside of 37.93% from the stock’s previous close.

tinyBuild Trading Down 3.3%

LON:TBLD opened at GBX 14.50 on Thursday. The firm has a market capitalization of £57.03 million, a P/E ratio of -14.50 and a beta of -0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 3.88. tinyBuild has a one year low of GBX 6 and a one year high of GBX 16. The company’s 50-day simple moving average is GBX 11.01 and its 200 day simple moving average is GBX 9.02.

Insider Activity

In related news, insider Alex Nichiporchik purchased 200,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of GBX 9 per share, with a total value of £18,000. Insiders own 62.30% of the company’s stock.

About tinyBuild

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild’s strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.

tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe. The Group’s broad geographical footprint enables the Company to source high-potential IP, access cost-effective development resources, and build a loyal customer base through its innovative grassroots marketing.

tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021.

For further information, visit: www.tinybuildinvestors.com.