Devolver Digital (LON:DEVO) Reaches New 52-Week Low – Here’s Why

Shares of Devolver Digital, Inc. (LON:DEVO) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 5.25 and last traded at GBX 6.80, with a volume of 3572976 shares changing hands. The stock had previously closed at GBX 6.88.

Wall Street Analyst Weigh In

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

Devolver Digital Stock Down 1.1%

The firm’s fifty day simple moving average is GBX 11.50 and its 200 day simple moving average is GBX 18.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78. The stock has a market capitalization of £34.40 million, a price-to-earnings ratio of -2.00 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.