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

Devolver Digital, Inc. (LON:DEVO) hit a new 52-week low 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 Ratings Changes

Several analysts have commented on DEVO shares. Berenberg Bank reiterated a “buy” rating and set a GBX 28 target price on shares of Devolver Digital in a research note on Wednesday, July 1st. 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Stock Up 2.9%

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 £87.38 million, a P/E ratio of -5.29 and a beta of -0.43. The company’s 50 day simple moving average is GBX 20.08 and its 200-day simple moving average is GBX 22.50.

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.