Devolver Digital (LON:DEVO) Stock Price Down 1.1% – Time to Sell?

Devolver Digital, Inc. (LON:DEVO) fell 1.1% during mid-day trading on Tuesday. The company traded as low as GBX 5.25 and last traded at GBX 6.80. 3,572,976 shares traded hands during mid-day trading, an increase of 789% from the average session volume of 401,745 shares. The stock had previously closed at GBX 6.88.

Analysts Set New Price Targets

DEVO has been the topic of a number of recent research reports. Berenberg Bank restated a “buy” rating and issued a GBX 28 target price 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 target on shares of Devolver Digital in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Stock Down 1.1%

The firm’s 50-day simple moving average is GBX 8.27 and its 200-day simple moving average is GBX 16.25. 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 market capitalization of £34.40 million, a price-to-earnings ratio of -2.00 and a beta of -0.43.

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.