Devolver Digital (LON:DEVO) Stock Price Up 4.3% - Time to Buy?

Key Points

• Devolver Digital stock rose by 4.3%, trading at GBX 24 ($0.32) during mid-day trading, although trading volume was significantly lower than average, down 94% to just 7,500 shares.
• Shore Capital has reaffirmed a "hold" rating on Devolver Digital, suggesting that analysts believe the stock's current valuation may not warrant a buy.
• The company has a market cap of £142.52 million and key financial ratios including a debt-to-equity ratio of 0.62 and a price-to-earnings ratio of -18.64.

Shares of Devolver Digital, Inc. (LON:DEVO - Get Free Report) were up 4.3% during trading on Friday . The company traded as high as GBX 24 ($0.32) and last traded at GBX 24 ($0.32). Approximately 7,500 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 135,220 shares. The stock had previously closed at GBX 23 ($0.31).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "hold" rating on shares of Devolver Digital in a report on Thursday, April 10th.

Devolver Digital Stock Performance

The stock has a market capitalization of £136.59 million, a P/E ratio of -17.86 and a beta of -0.43. The stock's 50-day simple moving average is GBX 22.91 and its 200 day simple moving average is GBX 21.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.78 and a quick ratio of 4.85.

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.