Devolver Digital (LON:DEVO) Trading Down 4.7% – What’s Next?

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

Analysts Set New Price Targets

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

Devolver Digital Stock Down 4.7%

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 has a fifty day moving average price of GBX 15.39 and a 200 day moving average price of GBX 20.38. The company has a market cap of £37.79 million, a PE ratio of -2.24 and a beta of -0.43.

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.