Frontier Developments (LON:FDEV) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 442.81 and traded as low as GBX 310. Frontier Developments shares last traded at GBX 310, with a volume of 52,942 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and raised their target price for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 608.33.

Frontier Developments Stock Up 0.5%

The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The stock’s fifty day simple moving average is GBX 366.16 and its 200-day simple moving average is GBX 442.81. The stock has a market cap of £110.18 million, a P/E ratio of 6.26, a PEG ratio of 2.11 and a beta of 0.03.

Insider Buying and Selling

In related news, insider David John Braben sold 93,070 shares of the business’s stock in a transaction that occurred 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 a total of 369,070 shares of company stock worth $735,396,960 over the last quarter. 37.78% 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.