Frontier Developments (LON:FDEV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 424.38 and traded as high as GBX 438. Frontier Developments shares last traded at GBX 419.50, with a volume of 29,556 shares changing hands.

Analyst Ratings Changes

FDEV has been the topic of several recent analyst reports. Shore Capital Group restated a “buy” rating and issued a GBX 650 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and issued a GBX 600 price target on shares of Frontier Developments in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Frontier Developments currently has a consensus rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Stock Down 0.4%

The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The stock has a market cap of £145.73 million, a P/E ratio of 8.42, a P/E/G ratio of 2.11 and a beta of 0.03. The company’s 50 day moving average price is GBX 424.38 and its two-hundred day moving average price is GBX 411.48.

Insiders Place Their Bets

In other news, insider Alex Bevis sold 5,084 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36. Also, insider David John Braben sold 93,070 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total value of £351,804.60. Over the last ninety days, insiders have sold 148,154 shares of company stock valued at $56,734,396. 38.10% of the stock is currently owned by corporate insiders.

Frontier Developments Company Profile

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.