Frontier Developments (LON:FDEV) Reaches New 52-Week High - Time to Buy?

Key Points

• Frontier Developments' stock price hit a new 52-week high at GBX 395 ($5.31) before closing at GBX 385.50 ($5.18).
• The company has a market cap of £148.09 million and a price-to-earnings ratio of -6.90, indicating potential financial challenges.
• Insider David John Braben sold 8,500 shares recently, contributing to a total of 183,857 shares sold by insiders worth over $67 million in the last 90 days.

Frontier Developments plc (LON:FDEV - )'s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 395 ($5.31) and last traded at GBX 385.50 ($5.18), with a volume of 81079 shares trading hands. The stock had previously closed at GBX 390.50 ($5.25).

Frontier Developments Stock Down 1.3%

The company has a market cap of £148.09 million, a price-to-earnings ratio of -6.90, a P/E/G ratio of 2.11 and a beta of 0.03. The stock's 50-day moving average is GBX 328.84 and its 200-day moving average is GBX 247.62. 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 Activity at Frontier Developments

In other Frontier Developments news, insider David John Braben sold 8,500 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of GBX 388 ($5.22), for a total value of £32,980 ($44,351.80). Insiders sold a total of 183,857 shares of company stock worth $67,404,919 in the last ninety days. Insiders own 49.47% of the company's stock.

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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