Devolver Digital (LON:DEVO) Reaches New 12-Month Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 17 and last traded at GBX 18, with a volume of 588 shares traded. The stock had previously closed at GBX 17.50.

Wall Street Analysts Forecast Growth

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

Devolver Digital Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78. The company has a 50-day moving average of GBX 19.61 and a 200-day moving average of GBX 22.22. The stock has a market capitalization of £87.38 million, a price-to-earnings ratio of -5.29 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.