Devolver Digital (LON:DEVO) Hits New 1-Year Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low during 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 Analysts Forecast Growth

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

Devolver Digital Stock Performance

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 price of GBX 20.39 and a 200 day moving average price of GBX 22.69. The firm has a market capitalization of £87.38 million, a PE ratio of -5.29 and a beta of -0.43.

Devolver Digital Company Profile

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.