Devolver Digital (LON:DEVO) Shares Up 12.5%

Devolver Digital, Inc. (LON:DEVO) shot up 12.5% during mid-day trading on Tuesday . The company traded as high as GBX 34 ($0.43) and last traded at GBX 33.74 ($0.43). 147,540 shares changed hands during trading, a decline of 47% from the average session volume of 278,769 shares. The stock had previously closed at GBX 30 ($0.38).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Devolver Digital in a research report on Tuesday.

Devolver Digital Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.28 and a quick ratio of 4.85. The stock has a market capitalization of £149.91 million, a P/E ratio of -1,675.00 and a beta of -0.41. The company has a fifty day moving average of GBX 25.18 and a two-hundred day moving average of GBX 21.39.

Devolver Digital Company Profile

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.