Frontier Developments (LON:FDEV) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Frontier Developments plc (LON:FDEV) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 360.56 and traded as high as GBX 427. Frontier Developments shares last traded at GBX 421, with a volume of 176,256 shares trading hands.

Frontier Developments Stock Up 2.3%

The firm’s 50-day moving average price is GBX 363.15 and its 200 day moving average price is GBX 427.55. The company has a market capitalization of £152.30 million, a price-to-earnings ratio of 8.81, a PEG ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71.

Insiders Place Their Bets

In other Frontier Developments news, insider David John Braben sold 93,070 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of GBX 378, for a total transaction of £351,804.60. Insiders sold 344,070 shares of company stock worth $128,911,960 in the last three months. 37.78% of the stock is owned by corporate insiders.

About Frontier Developments

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.