Frontier Developments (LON:FDEV) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Frontier Developments plc (LON:FDEV) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 412.81 and traded as low as GBX 409.50. Frontier Developments shares last traded at GBX 444.50, with a volume of 50,230 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Shore Capital Group reiterated a “buy” rating and issued a GBX 650 target price on shares of Frontier Developments in a research note on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Stock Performance

The business’s 50-day moving average price is GBX 401.35 and its 200-day moving average price is GBX 412.43. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The stock has a market cap of £154.91 million, a PE ratio of 8.96, a P/E/G ratio of 2.11 and a beta of 0.03.

Insider Activity at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 5,084 shares of Frontier Developments stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 404, for a total value of £20,539.36. Also, insider David John Braben sold 93,070 shares of Frontier Developments 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. Over the last 90 days, insiders sold 219,654 shares of company stock valued at $83,175,896. 37.96% of the stock is owned by 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.