Devolver Digital (LON:DEVO) Stock Price Down 2.3% – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO)’s share price was down 2.3% during trading on Thursday . The company traded as low as GBX 21 and last traded at GBX 21. Approximately 145,060 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 148,194 shares. The stock had previously closed at GBX 21.50.

Wall Street Analyst Weigh In

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

Devolver Digital Stock Performance

The stock has a market capitalization of £98.41 million, a PE ratio of -8.13 and a beta of -0.43. 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 firm has a 50 day moving average of GBX 23.32 and a 200-day moving average of GBX 24.29.

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.