Devolver Digital (LON:DEVO) Reaches New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 28 price objective on shares of Devolver Digital in a 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 note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Trading Down 0.6%

The stock has a 50-day simple moving average of GBX 20.68 and a 200 day simple moving average of GBX 22.87. The company has a current ratio of 1.78, a quick ratio of 4.85 and a debt-to-equity ratio of 0.57. The company has a market cap of £81.49 million, a price-to-earnings ratio of -5.12 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.