DoubleDown Interactive (NASDAQ:DDI) Shares Down 6%

DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) shares traded down 6% during trading on Monday . The stock traded as low as $11.41 and last traded at $11.41. 200 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 13,032 shares. The stock had previously closed at $12.14.

Separately, Zacks Investment Research downgraded DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 11th.

The company’s 50-day simple moving average is $12.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.01 and a current ratio of 13.01.

DoubleDown Interactive (NASDAQ:DDIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $87.49 million. On average, equities analysts expect that DoubleDown Interactive Co., Ltd. will post 1.65 earnings per share for the current year.

A number of large investors have recently modified their holdings of DDI. B. Riley Financial Inc. acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at about $33,500,000. Glaxis Capital Management LLC acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at about $792,000. Alta Fundamental Advisers LLC acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at about $2,642,000. Precept Management LLC acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at about $652,000. Finally, CSS LLC IL acquired a new stake in DoubleDown Interactive in the 3rd quarter valued at about $268,000. Institutional investors and hedge funds own 10.43% of the company’s stock.

About DoubleDown Interactive (NASDAQ:DDI)

DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Ellen's Road to Riches games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

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