Frontier Developments (LON:FDEV) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Frontier Developments plc (LON:FDEV) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 506.65 and traded as high as GBX 636.12. Frontier Developments shares last traded at GBX 633, with a volume of 223,976 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FDEV shares. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a report on Wednesday, September 9th. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 target price for the company in a report on Wednesday, September 9th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Stock Performance

The firm has a fifty day moving average of GBX 513.60 and a 200-day moving average of GBX 440.81. The stock has a market capitalization of £189.60 million, a price-to-earnings ratio of 8.00, a PEG ratio of 2.11 and a beta of 0.03. The company has a quick ratio of 2.61, a current ratio of 3.50 and a debt-to-equity ratio of 16.51.

Frontier Developments (LON:FDEV) last posted its earnings results on Wednesday, September 9th. The company reported GBX 74.60 EPS for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. As a group, sell-side analysts anticipate that Frontier Developments plc will post 7.09 EPS for the current year.

Insider Buying and Selling at Frontier Developments

In other news, insider Alex Bevis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total transaction of £258,000. 39.02% of the stock is currently owned by company 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.