Shore Capital Group Downgrades tinyBuild (LON:TBLD) to Sell

tinyBuild (LON:TBLD) was downgraded by research analysts at Shore Capital Group to a “sell” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 9 price objective on the stock. Shore Capital Group’s price target suggests a potential downside of 28.00% from the company’s previous close.

tinyBuild Price Performance

LON TBLD opened at GBX 12.50 on Thursday. The business has a 50 day simple moving average of GBX 11.12 and a 200 day simple moving average of GBX 9.09. tinyBuild has a 52-week low of GBX 6 and a 52-week high of GBX 16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.88 and a current ratio of 0.98. The stock has a market cap of £49.16 million, a price-to-earnings ratio of -12.50 and a beta of -0.43.

About tinyBuild

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild’s strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.

tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe. The Group’s broad geographical footprint enables the Company to source high-potential IP, access cost-effective development resources, and build a loyal customer base through its innovative grassroots marketing.

tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021.

For further information, visit: www.tinybuildinvestors.com.