DoubleDown Interactive (NASDAQ:DDI) Posts Earnings Results

DoubleDown Interactive (NASDAQ:DDI) announced its earnings results on Tuesday. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14, Zacks reports. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%.

DoubleDown Interactive Trading Up 2.6 %

DDI traded up $0.27 during midday trading on Tuesday, reaching $10.80. 53,888 shares of the company were exchanged, compared to its average volume of 34,679. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. DoubleDown Interactive has a one year low of $8.56 and a one year high of $18.21. The stock has a market capitalization of $535.14 million, a P/E ratio of 4.70 and a beta of 0.94. The stock’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $12.91.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DDI shares. Wedbush lifted their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities lifted their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.