Devolver Digital (LON:DEVO) Trading Down 1.8% – Here’s Why

Devolver Digital, Inc. (LON:DEVO)’s share price fell 1.8% on Wednesday . The stock traded as low as GBX 27 ($0.35) and last traded at GBX 27 ($0.35). 67,969 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 199,781 shares. The stock had previously closed at GBX 27.50 ($0.36).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Devolver Digital in a report on Thursday, September 26th.

Devolver Digital Price Performance

The firm’s fifty day simple moving average is GBX 31.24 and its 200 day simple moving average is GBX 29.18. The firm has a market cap of £126.56 million, a P/E ratio of -2,700.00 and a beta of -0.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.85 and a current ratio of 1.78.

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.