DoubleDown Interactive (NASDAQ:DDI) Trading Down 5.1% – What’s Next?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) shares were down 5.1% during mid-day trading on Monday . The stock traded as low as $10.23 and last traded at $10.23. Approximately 28,431 shares were traded during trading, a decline of 25% from the average daily volume of 37,952 shares. The stock had previously closed at $10.78.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DDI. Wedbush increased their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities raised their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th.

DoubleDown Interactive Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25. The stock’s fifty day moving average is $13.98 and its 200-day moving average is $13.39. The stock has a market cap of $516.34 million, a PE ratio of 4.53 and a beta of 0.87.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same period in the previous year, the firm posted $0.54 EPS. As a group, equities analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current year.

Institutional Investors Weigh In On DoubleDown Interactive

An institutional investor recently bought a new position in DoubleDown Interactive stock. Sanctuary Advisors LLC acquired a new stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 122,800 shares of the company’s stock, valued at approximately $2,026,000. Sanctuary Advisors LLC owned 0.25% of DoubleDown Interactive at the end of the most recent quarter.

About DoubleDown Interactive

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.