Devolver Digital (LON:DEVO) Shares Down 13.4% – Here’s Why

Devolver Digital, Inc. (LON:DEVO) shares traded down 13.4% during mid-day trading on Wednesday . The stock traded as low as GBX 7.25 and last traded at GBX 7.25. Approximately 427,648 shares changed hands during trading, an increase of 10% from the average daily volume of 390,195 shares. The stock had previously closed at GBX 8.38.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Berenberg Bank restated 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 set a GBX 27 price objective on shares of Devolver Digital in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Price Performance

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 stock has a fifty day simple moving average of GBX 12.38 and a 200-day simple moving average of GBX 18.62. The stock has a market cap of £34.14 million, a price-to-earnings ratio of -1.99 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.