Devolver Digital (LON:DEVO) Stock Price Down 2.3% - What's Next?

Key Points

• Shares of Devolver Digital fell 2.3% to GBX 21 on Thursday with about 145,060 shares traded, and the stock sits below both its 50‑day (GBX 23.32) and 200‑day (GBX 24.29) moving averages.
• Analysts maintain a consensus Buy rating with an average target of GBX 27, and Shore Capital set a GBX 27 price objective.
• Company fundamentals show a market cap of £97.71 million and a negative P/E of -8.08, alongside strong liquidity (quick ratio 4.85, current ratio 1.78) and a debt/equity of 0.57.

Devolver Digital, Inc. (LON:DEVO - Get Free Report) was down 2.3% on Thursday . The stock traded as low as GBX 21 and last traded at GBX 21. Approximately 145,060 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 148,194 shares. The stock had previously closed at GBX 21.50.

Analysts Set New Price Targets

Separately, Shore Capital Group lowered shares of Devolver Digital to a "buy" rating and set a GBX 27 price objective on the stock. in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 27.

Devolver Digital Trading Down 2.3%

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 company's fifty day simple moving average is GBX 23.32 and its two-hundred day simple moving average is GBX 24.29. The company has a market capitalization of £97.71 million, a price-to-earnings ratio of -8.08 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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