tinyBuild (LON:TBLD) Stock Price Up 10.8% – Still a Buy?

tinyBuild, Inc. (LON:TBLD) shares shot up 10.8% during mid-day trading on Wednesday . The company traded as high as GBX 11.50 ($0.16) and last traded at GBX 10.80 ($0.15). 2,579,797 shares changed hands during mid-day trading, an increase of 557% from the average session volume of 392,802 shares. The stock had previously closed at GBX 9.75 ($0.13).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “hold” rating on shares of tinyBuild in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, tinyBuild currently has an average rating of “Moderate Buy” and a consensus target price of GBX 10.

tinyBuild Trading Down 6.4%

The firm has a market cap of £39.76 million, a P/E ratio of -187.22 and a beta of -0.43. The business’s fifty day moving average is GBX 6.52 and its 200-day moving average is GBX 5.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.88 and a current ratio of 1.19.

tinyBuild Company Profile

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild’s strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.

tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe.