Devolver Digital (LON:DEVO) Stock Price Down 8% – What’s Next?

Devolver Digital, Inc. (LON:DEVO)’s stock price dropped 8% on Tuesday . The stock traded as low as GBX 22.50 ($0.29) and last traded at GBX 23 ($0.29). Approximately 22,054 shares were traded during trading, a decline of 94% from the average daily volume of 391,909 shares. The stock had previously closed at GBX 25 ($0.32).

Analyst Upgrades and Downgrades

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

Devolver Digital Stock Performance

The firm has a 50 day moving average of GBX 24.03 and a 200-day moving average of GBX 27.27. The company has a market cap of £136.59 million, a P/E ratio of -17.86 and a beta of -0.43. The company has a quick ratio of 4.85, a current ratio of 1.78 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.