Devolver Digital (LON:DEVO) Sets New 12-Month Low – Time to Sell?

Devolver Digital, Inc. (LON:DEVO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 15 and last traded at GBX 17, with a volume of 1370 shares. The stock had previously closed at GBX 16.

Analyst Ratings Changes

A number of brokerages have issued reports on DEVO. Berenberg Bank reiterated a “buy” rating and set a GBX 28 price target on shares of Devolver Digital in a research report on Wednesday, July 1st. Shore Capital Group reaffirmed a “buy” rating and set a GBX 27 price objective on shares of Devolver Digital in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Devolver Digital has an average rating of “Buy” and a consensus target price of GBX 27.50.

Devolver Digital Stock Up 6.2%

The firm has a 50 day simple moving average of GBX 18.85 and a two-hundred day simple moving average of GBX 21.82. The stock has a market cap of £82.53 million, a price-to-earnings ratio of -5.00 and a beta of -0.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 4.85.

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.