Devolver Digital (LON:DEVO) Shares Down 4.7% – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO) shares traded down 4.7% during trading on Monday . The company traded as low as GBX 7.53 and last traded at GBX 7.62. Approximately 6,425,871 shares traded hands during trading, an increase of 1,372% from the average session volume of 436,441 shares. The stock had previously closed at GBX 8.

Wall Street Analyst Weigh In

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

Devolver Digital Price Performance

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 company has a market cap of £37.79 million, a P/E ratio of -2.24 and a beta of -0.43. The firm has a 50 day moving average price of GBX 15.39 and a two-hundred day moving average price of GBX 20.38.

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.