Frontier Developments (LON:FDEV) Sets New 12-Month 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 - ) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 375 ($4.97) and last traded at GBX 370 ($4.91), with a volume of 58107 shares. The stock had previously closed at GBX 361 ($4.79).

Frontier Developments Stock Performance

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 company has a market cap of £142.13 million, a PE ratio of -6.62, a P/E/G ratio of 2.11 and a beta of 0.03. The business's fifty day moving average is GBX 310.50 and its 200-day moving average is GBX 240.73.

Insider Activity

In other Frontier Developments news, insider David John Braben sold 28,400 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of GBX 361 ($4.79), for a total value of £102,524 ($135,937.42). In the last ninety days, insiders sold 119,557 shares of company stock worth $43,527,719. Insiders own 49.47% of the company's stock.

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.

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