Devolver Digital (LON:DEVO) Trading 8.3% Higher – Here’s Why

Shares of Devolver Digital, Inc. (LON:DEVO) rose 8.3% during trading on Friday . The stock traded as high as GBX 7.90 and last traded at GBX 7.85. Approximately 791,908 shares were traded during trading, an increase of 122% from the average daily volume of 357,326 shares. The stock had previously closed at GBX 7.25.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEVO. Shore Capital Group restated a “buy” rating and set a GBX 27 price objective on shares of Devolver Digital in a research note on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 28 target price on shares of Devolver Digital in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Stock Up 8.3%

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 firm has a market cap of £38.91 million, a P/E ratio of -2.31 and a beta of -0.43. The company’s 50 day simple moving average is GBX 16.78 and its 200-day simple moving average is GBX 21.01.

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.