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

Devolver Digital, Inc. (LON:DEVO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 17 and last traded at GBX 18, with a volume of 30203 shares. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

DEVO has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 28 target price on shares of Devolver Digital in a report on Wednesday, July 1st. Shore Capital Group restated a “buy” rating and issued a GBX 27 price target on shares of Devolver Digital in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 27.50.

Devolver Digital Stock Performance

The stock has a market capitalization of £82.53 million, a P/E ratio of -5.00 and a beta of -0.43. 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 50-day moving average price of GBX 20.24 and a two-hundred day moving average price of GBX 22.60.

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.