Devolver Digital (LON:DEVO) Hits New 12-Month Low – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17.45 and last traded at GBX 18, with a volume of 24616 shares changing hands. The stock had previously closed at GBX 17.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group cut shares of Devolver Digital to a “buy” rating and set a GBX 27 price target for the company. in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 27.

Devolver Digital Price Performance

The stock has a market cap of £84.30 million, a price-to-earnings ratio of -5.29 and a beta of -0.43. The company has a 50-day moving average of GBX 21.28 and a 200-day moving average of GBX 23.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.85 and a current ratio of 1.78.

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.