Frontier Developments plc (LON:FDEV - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 442.81 and traded as low as GBX 310. Frontier Developments shares last traded at GBX 310, with a volume of 52,942 shares traded.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a "buy" rating and increased their price objective for the company from GBX 580 to GBX 605 in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 608.33.
Check Out Our Latest Report on FDEV
Frontier Developments Stock Performance
The stock has a 50-day moving average price of GBX 366.16 and a 200 day moving average price of GBX 442.81. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The firm has a market capitalization of £111.34 million, a price-to-earnings ratio of 6.32, a P/E/G ratio of 2.11 and a beta of 0.03.
Insider Buying and Selling
In other Frontier Developments news, insider David John Braben sold 93,070 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total value of £351,804.60. In the last ninety days, insiders have sold 369,070 shares of company stock worth $735,396,960. Insiders own 37.78% of the company's stock.
About Frontier Developments
(
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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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