Devolver Digital (LON:DEVO) Sets New 12-Month Low – What’s Next?

Devolver Digital, Inc. (LON:DEVO) shares hit 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 588 shares traded. The stock had previously closed at GBX 17.50.

Analysts Set New Price Targets

Several research firms have commented on DEVO. Berenberg Bank reiterated a “buy” rating and issued a GBX 28 target price on shares of Devolver Digital in a research report 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Devolver Digital currently has a consensus rating of “Buy” and an average target price of GBX 27.50.

Devolver Digital Stock Performance

The company’s 50-day simple moving average is GBX 19.47 and its 200-day simple moving average is GBX 22.15. The stock has a market capitalization of £82.53 million, a price-to-earnings ratio of -5.00 and a beta of -0.43. The company has a current ratio of 1.78, a quick ratio of 4.85 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.