Devolver Digital (LON:DEVO) Hits New 52-Week Low – What’s Next?

Shares of Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 17 and last traded at GBX 18, with a volume of 30203 shares changing hands. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEVO. Berenberg Bank reissued a “buy” rating and set a GBX 28 price objective on shares of Devolver Digital in a research note on Wednesday, July 1st. Shore Capital Group reissued a “buy” rating and set a GBX 27 price target on shares of Devolver Digital in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Price Performance

The company has a market capitalization of £87.38 million, a PE ratio of -5.29 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. The firm has a 50-day moving average of GBX 20.39 and a two-hundred day moving average of GBX 22.69.

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.