Frontier Developments (LON:FDEV) Sets New 1-Year High - Still a Buy?

Key Points

• Frontier Developments plc shares reached a new 52-week high, trading at GBX 375 ($4.97) before settling at GBX 370 ($4.91) with a volume of 58,107 shares.
• The company's financial health is strong, demonstrated by a quick ratio of 2.61, current ratio of 2.93, and a low debt-to-equity ratio of 27.70.
• Insider David John Braben sold 28,400 shares at an average price of GBX 361 ($4.79), contributing to a total of 119,557 shares sold by insiders in the past ninety days.

Frontier Developments plc (LON:FDEV - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 375 ($4.98) and last traded at GBX 370 ($4.91), with a volume of 58107 shares traded. The stock had previously closed at GBX 361 ($4.79).

Frontier Developments Stock Up 1.2%

The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The firm has a 50 day simple moving average of GBX 317.11 and a 200-day simple moving average of GBX 243.51. The stock has a market cap of £144.63 million, a P/E ratio of -6.74, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Activity at Frontier Developments

In related news, insider David John Braben sold 28,400 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of GBX 361 ($4.79), for a total transaction of £102,524 ($136,135.97). Insiders sold a total of 142,357 shares of company stock valued at $51,727,919 over the last 90 days. 49.47% of the stock is currently owned by corporate insiders.

About Frontier Developments

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.