Devolver Digital (LON:DEVO) Hits New 52-Week Low – Here’s Why

Devolver Digital, Inc. (LON:DEVO)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 19.10 ($0.25) and last traded at GBX 20 ($0.26), with a volume of 65000 shares trading hands. The stock had previously closed at GBX 21.50 ($0.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “hold” rating on shares of Devolver Digital in a research report on Tuesday, February 4th.

Devolver Digital Stock Down 7.0 %

The company has a 50-day moving average of GBX 22.43 and a 200-day moving average of GBX 25.11. The company has a market capitalization of £118.77 million, a price-to-earnings ratio of -15.53 and a beta of -0.43. The company has a current ratio of 1.78, a quick ratio of 4.85 and a debt-to-equity ratio of 0.62.

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.