Devolver Digital (LON:DEVO) Shares Down 8.7% – What’s Next?

Devolver Digital, Inc. (LON:DEVO) dropped 8.7% on Wednesday . The company traded as low as GBX 6.87 and last traded at GBX 7.19. 1,406,425 shares traded hands during mid-day trading, an increase of 310% from the average session volume of 342,964 shares. The stock had previously closed at GBX 7.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DEVO. 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. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 28 price objective on shares of Devolver Digital in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 27.50.

Devolver Digital Price Performance

The firm has a market cap of £35.62 million, a P/E ratio of -2.11 and a beta of -0.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 4.85. The company’s 50-day moving average is GBX 17.62 and its two-hundred day moving average is GBX 21.33.

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.