Devolver Digital (LON:DEVO) Hits New 1-Year Low – Here’s Why

Shares of Devolver Digital, Inc. (LON:DEVOGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 17 and last traded at GBX 18, with a volume of 588 shares changing hands. The stock had previously closed at GBX 17.50.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on DEVO

Devolver Digital Trading Up 2.9%

The business’s 50-day moving average price is GBX 19.61 and its 200-day moving average price is GBX 22.22. The firm has a market capitalization of £87.38 million, a PE ratio of -5.29 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.

About Devolver Digital

(Get Free Report)

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.

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