Devolver Digital (LON:DEVO) Sets New 12-Month Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 17.45 and last traded at GBX 18, with a volume of 24616 shares. The stock had previously closed at GBX 17.50.

Wall Street Analyst Weigh In

Separately, 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. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Devolver Digital currently has a consensus rating of “Buy” and an average price target of GBX 27.

Devolver Digital Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 4.85. The stock has a 50-day simple moving average of GBX 21.08 and a 200-day simple moving average of GBX 23.08. The stock has a market cap of £86.18 million, a P/E ratio of -5.41 and a beta of -0.43.

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.