Frontier Developments (LON:FDEV) Reaches New 52-Week High - Still a Buy?

Frontier Developments plc (LON:FDEV - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 375 ($5.03) and last traded at GBX 367.50 ($4.93), with a volume of 91852 shares traded. The stock had previously closed at GBX 370 ($4.96).

Frontier Developments Stock Performance

The stock's 50-day simple moving average is GBX 283.87 and its 200-day simple moving average is GBX 231.72. The stock has a market cap of £141.17 million, a price-to-earnings ratio of -6.58, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

Insider Buying and Selling

In related news, insider David John Braben sold 11,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of GBX 368 ($4.94), for a total value of £40,480 ($54,299.13). Over the last ninety days, insiders have sold 49,500 shares of company stock valued at $17,867,500. 49.47% of the stock is 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.

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