Devolver Digital (LON:DEVO) Hits New 1-Year Low – What’s Next?

Devolver Digital, Inc. (LON:DEVO) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17 and last traded at GBX 18, with a volume of 5080 shares traded. The stock had previously closed at GBX 17.50.

Analyst Upgrades and Downgrades

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

Devolver Digital Stock Up 2.9%

The company has a market capitalization of £87.38 million, a PE ratio of -5.29 and a beta of -0.43. 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 company’s 50-day moving average is GBX 20.08 and its 200 day moving average is GBX 22.50.

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.