Devolver Digital (LON:DEVO) Trading Down 13.4% – Time to Sell?

Devolver Digital, Inc. (LON:DEVO) was down 13.4% during trading on Wednesday . The stock traded as low as GBX 7.25 and last traded at GBX 7.25. 427,648 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 390,195 shares. The stock had previously closed at GBX 8.38.

Analysts Set New Price Targets

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

Devolver Digital Stock Performance

The firm has a market cap of £36.67 million, a price-to-earnings ratio of -2.13 and a beta of -0.43. 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 stock’s 50 day moving average is GBX 12.81 and its 200 day moving average is GBX 18.89.

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.