Devolver Digital (LON:DEVO) Stock Price Down 8.7% – Time to Sell?

Devolver Digital, Inc. (LON:DEVO) dropped 8.7% during mid-day trading on Wednesday . The company traded as low as GBX 6.87 and last traded at GBX 7.19. 1,406,425 shares changed hands during trading, an increase of 310% from the average daily volume of 342,964 shares. The stock had previously closed at GBX 7.88.

Analyst Upgrades and Downgrades

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

Devolver Digital Stock Down 8.7%

The stock has a fifty day moving average price of GBX 17.62 and a two-hundred day moving average price of GBX 21.33. The company has a market cap of £35.62 million, a price-to-earnings ratio of -2.11 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.

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.