Devolver Digital (LON:DEVO) Hits New 52-Week Low – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO) shares hit a new 52-week low on Thursday . The company traded as low as GBX 19 and last traded at GBX 19, with a volume of 5493 shares trading hands. The stock had previously closed at GBX 19.

Analysts Set New Price Targets

Separately, Shore Capital Group lowered shares of Devolver Digital to a “buy” rating and set a GBX 27 price objective on the stock. in a report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Devolver Digital presently has a consensus rating of “Buy” and an average price target of GBX 27.

Devolver Digital Price Performance

The company has a fifty day moving average of GBX 21.49 and a 200-day moving average of GBX 23.28. 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 has a market cap of £98.35 million, a PE ratio of -6.18 and a beta of -0.43.

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.