Devolver Digital (LON:DEVO) Reaches New 1-Year Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 17 and last traded at GBX 18, with a volume of 57153 shares trading hands. The stock had previously closed at GBX 18.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DEVO. Berenberg Bank reissued a “buy” rating and set a GBX 28 target price on shares of Devolver Digital in a research report on Wednesday. Shore Capital Group restated a “buy” rating and set a GBX 27 price target on shares of Devolver Digital in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 27.50.

Devolver Digital Stock Performance

The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The company has a market capitalization of £84.30 million, a PE ratio of -5.29 and a beta of -0.43. The company has a 50-day moving average price of GBX 20.83 and a two-hundred day moving average price of GBX 22.96.

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.