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

Shares of Devolver Digital, Inc. (LON:DEVO) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 5.25 and last traded at GBX 6.80, with a volume of 3572976 shares trading hands. The stock had previously closed at GBX 6.88.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Shore Capital Group restated a “buy” rating and set a GBX 27 price objective on shares of Devolver Digital in a research note on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 28 target price on shares of Devolver Digital in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Devolver Digital presently has an average rating of “Buy” and a consensus target price of GBX 27.50.

Devolver Digital Price Performance

The business has a fifty day moving average of GBX 11.93 and a two-hundred day moving average of GBX 18.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78. The firm has a market capitalization of £34.40 million, a price-to-earnings ratio of -2.00 and a beta of -0.43.

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.