Devolver Digital (LON:DEVO) Hits New 12-Month Low – What’s Next?

Shares of Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 15 and last traded at GBX 17, with a volume of 1370 shares changing hands. The stock had previously closed at GBX 16.

Analysts Set New Price Targets

DEVO has been the topic of a number of recent research reports. Shore Capital Group reissued a “buy” rating and set a GBX 27 target price on shares of Devolver Digital in a research report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and set a GBX 28 price target on shares of Devolver Digital in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Devolver Digital has a consensus rating of “Buy” and a consensus target price of GBX 27.50.

Devolver Digital Price Performance

The firm has a market capitalization of £82.53 million, a price-to-earnings ratio of -5.00 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 business has a 50-day moving average price of GBX 18.85 and a two-hundred day moving average price of GBX 21.82.

About Devolver Digital

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.