Devolver Digital (LON:DEVO) Sets New 52-Week Low – What’s Next?

Shares of Devolver Digital, Inc. (LON:DEVO) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 20 and last traded at GBX 22, with a volume of 5680 shares changing hands. The stock had previously closed at GBX 21.

Analysts Set New Price Targets

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

Devolver Digital Trading Up 4.8%

The company has a market cap of £103.04 million, a price-to-earnings ratio of -6.47 and a beta of -0.43. 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 business’s 50 day moving average price is GBX 21.80 and its 200-day moving average price is GBX 23.46.

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.