DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) rose 3.6% on Tuesday . The stock traded as high as $10.06 and last traded at $10.15. Approximately 9,062 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 36,908 shares. The stock had previously closed at $9.80.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Wedbush reissued an "outperform" rating and set a $21.00 target price on shares of DoubleDown Interactive in a report on Wednesday, February 12th. B. Riley initiated coverage on shares of DoubleDown Interactive in a research note on Tuesday, February 25th. They set a "buy" rating and a $23.00 price objective on the stock. Finally, Northland Securities dropped their target price on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th.
Check Out Our Latest Research Report on DDI
DoubleDown Interactive Price Performance
The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. The company has a market cap of $481.66 million, a price-to-earnings ratio of 3.87 and a beta of 0.89. The business has a fifty day moving average price of $9.79 and a 200 day moving average price of $11.33.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in DDI. JPMorgan Chase & Co. acquired a new position in DoubleDown Interactive during the 3rd quarter worth approximately $81,000. Heck Capital Advisors LLC acquired a new position in shares of DoubleDown Interactive during the fourth quarter worth $76,000. Raymond James Financial Inc. acquired a new position in shares of DoubleDown Interactive during the fourth quarter worth $153,000. Boston Partners bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at $354,000. Finally, Trexquant Investment LP acquired a new stake in shares of DoubleDown Interactive during the 4th quarter valued at $106,000.
About DoubleDown Interactive
(
Get Free Report)
DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.
Further Reading
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