Devolver Digital (LON:DEVO) Stock Price Up 8.3% – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO) shares shot up 8.3% on Friday . The company traded as high as GBX 7.90 and last traded at GBX 7.85. Approximately 791,908 shares were traded during trading, an increase of 122% from the average session volume of 357,326 shares. The stock had previously closed at GBX 7.25.

Wall Street Analysts Forecast Growth

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

Devolver Digital Trading Up 8.3%

The business’s 50 day moving average price is GBX 17.04 and its two-hundred day moving average price is GBX 21.11. 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 company has a market capitalization of £38.91 million, a price-to-earnings ratio of -2.31 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.