Devolver Digital (LON:DEVO) Hits New 52-Week Low – Here’s What Happened

Shares of Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low on Wednesday . The stock traded as low as GBX 17 and last traded at GBX 18, with a volume of 57153 shares traded. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DEVO. Shore Capital Group restated a “buy” rating and issued a GBX 27 target price on shares of Devolver Digital in a research report on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 28 price target on shares of Devolver Digital in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Devolver Digital has a consensus rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Stock Performance

The company has a market capitalization of £84.30 million, a P/E ratio of -5.29 and a beta of -0.43. 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 company’s 50 day moving average is GBX 20.83 and its 200-day moving average is GBX 22.96.

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.