DoubleDown Interactive (NASDAQ:DDI) Issues Earnings Results

DoubleDown Interactive (NASDAQ:DDI) posted its earnings results on Tuesday. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14, Zacks reports. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%.

DoubleDown Interactive Trading Up 2.6 %

Shares of NASDAQ:DDI traded up $0.27 during trading on Tuesday, reaching $10.80. The stock had a trading volume of 54,890 shares, compared to its average volume of 34,679. The firm’s fifty day moving average is $10.85 and its 200 day moving average is $12.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. DoubleDown Interactive has a 52 week low of $8.56 and a 52 week high of $18.21. The stock has a market cap of $535.14 million, a price-to-earnings ratio of 4.70 and a beta of 0.94.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DDI shares. Wedbush boosted their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Northland Securities boosted their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

DoubleDown Interactive Company Profile

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.