Devolver Digital (LON:DEVO) Sets New 1-Year Low – Time to Sell?

Shares of 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 5080 shares. The stock had previously closed at GBX 17.50.

Analyst Ratings Changes

DEVO has been the subject of a number of recent analyst reports. Berenberg Bank restated 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 reaffirmed a “buy” rating and set a GBX 27 price target on shares of Devolver Digital in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Price Performance

The company has a market capitalization of £87.38 million, a price-to-earnings ratio of -5.29 and a beta of -0.43. The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The company has a 50 day simple moving average of GBX 19.92 and a 200 day simple moving average of GBX 22.41.

About Devolver Digital

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.