Game Digital (GMD) Shares Up 10.7%

Game Digital PLC (LON:GMD) shares shot up 10.7% on Wednesday . The stock traded as high as GBX 33.72 ($0.47) and last traded at GBX 32.77 ($0.45). 807,231 shares traded hands during trading, an increase of 105% from the average session volume of 394,355 shares. The stock had previously closed at GBX 29.60 ($0.41).

Several research firms have recently weighed in on GMD. Liberum Capital reissued a “hold” rating and set a GBX 65 ($0.90) price objective on shares of Game Digital in a report on Thursday, January 11th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 40 ($0.55) target price on shares of Game Digital in a report on Monday, February 12th.

The company has a market capitalization of $55.99 and a price-to-earnings ratio of -482.14.

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About Game Digital

GAME Digital plc is a retailer of video games. The Company operates approximately 580 stores across the United Kingdom and Spain. The Company’s segments include UK, Spain, and Events, Esports & Digital. Its UK and Spain segments are engaged in the sale of hardware, software, accessories and digital. Its Events, Esports & Digital businesses include SocialNAT and Ads Reality Limited (Ads Reality).

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