Devolver Digital (LON:DEVO) Hits New 1-Year Low – Here’s Why

Devolver Digital, Inc. (LON:DEVO)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 19 and last traded at GBX 19, with a volume of 5493 shares traded. The stock had previously closed at GBX 19.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group lowered shares of Devolver Digital to a “buy” rating and set a GBX 27 price target for the company. 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, Devolver Digital currently has a consensus rating of “Buy” and an average target price of GBX 27.

Devolver Digital Price Performance

The stock has a market cap of £88.99 million, a PE ratio of -5.59 and a beta of -0.43. The business’s 50-day simple moving average is GBX 21.61 and its 200-day simple moving average is GBX 23.34. The company has a quick ratio of 4.85, a current ratio of 1.78 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.