Frontier Developments (LON:FDEV) Stock Price Passes Above Fifty Day Moving Average of $136.05

Frontier Developments plc (LON:FDEVGet Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 136.05 ($1.71) and traded as high as GBX 150.20 ($1.88). Frontier Developments shares last traded at GBX 150.20 ($1.88), with a volume of 76,399 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on FDEV shares. Jefferies Financial Group downgraded shares of Frontier Developments to a “hold” rating and set a GBX 170 ($2.13) price objective for the company. in a research note on Monday, December 4th. Berenberg Bank dropped their target price on shares of Frontier Developments from GBX 210 ($2.63) to GBX 170 ($2.13) and set a “hold” rating for the company in a report on Tuesday, November 28th. Numis Securities reiterated a “reduce” rating and issued a GBX 200 ($2.51) price target on shares of Frontier Developments in a research report on Monday, November 27th. Finally, Shore Capital restated a “hold” rating on shares of Frontier Developments in a research report on Tuesday, November 21st.

Check Out Our Latest Stock Analysis on FDEV

Frontier Developments Stock Performance

The company has a market cap of £62.28 million, a price-to-earnings ratio of -95.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.05. The stock’s fifty day simple moving average is GBX 136.05 and its two-hundred day simple moving average is GBX 248.55. The company has a debt-to-equity ratio of 29.58, a quick ratio of 2.61 and a current ratio of 2.13.

Insider Buying and Selling

In other news, insider Jonathan (Jonny) Francis Watts purchased 18,984 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of GBX 111 ($1.39) per share, with a total value of £21,072.24 ($26,416.25). In other news, insider James Mitchell purchased 38,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of GBX 119 ($1.49) per share, for a total transaction of £45,220 ($56,687.98). Also, insider Jonathan (Jonny) Francis Watts acquired 18,984 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of GBX 111 ($1.39) per share, for a total transaction of £21,072.24 ($26,416.25). 48.52% of the stock is currently owned by insiders.

About Frontier Developments

(Get Free Report)

Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.

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