DoubleDown Interactive (NASDAQ:DDI - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14, Zacks reports. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same quarter in the prior year, the company posted $10.47 earnings per share.
DoubleDown Interactive Stock Performance
Shares of NASDAQ:DDI traded up $0.12 on Friday, hitting $10.16. The company's stock had a trading volume of 46,987 shares, compared to its average volume of 31,637. The stock's 50-day moving average is $10.62 and its two-hundred day moving average is $12.86. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21. The company has a market capitalization of $503.43 million, a price-to-earnings ratio of 4.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on DDI shares. Wedbush restated an "outperform" rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research note on Wednesday. Northland Securities decreased their price target on DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday.
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About DoubleDown Interactive
(
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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.
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