Devolver Digital (LON:DEVO) Stock Price Down 3.9% – Here’s What Happened

Devolver Digital, Inc. (LON:DEVO)’s share price traded down 3.9% during mid-day trading on Wednesday . The stock traded as low as GBX 24 ($0.30) and last traded at GBX 24.50 ($0.31). 37,240 shares traded hands during trading, a decline of 80% from the average session volume of 183,675 shares. The stock had previously closed at GBX 25.50 ($0.32).

Wall Street Analyst Weigh In

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

Devolver Digital Price Performance

The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of GBX 27.87 and a 200-day simple moving average of GBX 29.88. The stock has a market cap of £114.84 million, a price-to-earnings ratio of -2,450.00 and a beta of -0.43.

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.