Devolver Digital (LON:DEVO) Reaches New 12-Month Low – Should You Sell?

Devolver Digital, Inc. (LON:DEVO) shares reached a new 52-week low on Friday . The company traded as low as GBX 20 and last traded at GBX 22, with a volume of 5680 shares trading hands. The stock had previously closed at GBX 21.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group cut Devolver Digital to a “buy” rating and set a GBX 27 price target on the stock. in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Devolver Digital has an average rating of “Buy” and an average target price of GBX 27.

Devolver Digital Stock Up 4.8%

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 market cap of £103.04 million, a price-to-earnings ratio of -6.47 and a beta of -0.43. The stock’s 50 day moving average is GBX 21.80 and its 200 day moving average is GBX 23.47.

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.