Devolver Digital (LON:DEVO) Shares Up 2.1% - What's Next?

Key Points

• Shares rose 2.1% to GBX 24 on Tuesday, with 50,005 shares traded—about a 51% drop from the average session volume of 102,306; prior close was GBX 23.50.
• Analysts maintain a cautious view: Shore Capital reaffirmed a "Hold" and the stock's consensus rating on MarketBeat is currently Hold.
• Fundamentals show a market cap of £111.7M and a negative P/E (-9.23), but healthy short-term liquidity (quick ratio 4.85) and a debt-to-equity of 0.64.

Devolver Digital, Inc. (LON:DEVO - Get Free Report)'s stock price shot up 2.1% on Tuesday . The stock traded as high as GBX 24 and last traded at GBX 24. 50,005 shares were traded during trading, a decline of 51% from the average session volume of 102,306 shares. The stock had previously closed at GBX 23.50.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a "hold" rating on shares of Devolver Digital in a research note on Monday, February 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Devolver Digital currently has an average rating of "Hold".

Devolver Digital Stock Up 2.1%

The firm's 50-day simple moving average is GBX 24.64 and its 200 day simple moving average is GBX 24.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.85 and a current ratio of 1.71. The company has a market cap of £111.67 million, a P/E ratio of -9.23 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.

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