Devolver Digital (LON:DEVO) Sets New 52-Week Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 20 and last traded at GBX 21, with a volume of 5153 shares trading hands. The stock had previously closed at GBX 21.

Wall Street Analyst Weigh In

Separately, Shore Capital Group lowered Devolver Digital to a “buy” rating and set a GBX 27 price objective on the stock. in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 27.

Devolver Digital Stock Performance

The company has a market cap of £98.35 million, a P/E ratio of -6.18 and a beta of -0.43. The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of GBX 22.38 and a two-hundred day moving average price of GBX 23.85.

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.