Frontier Developments (LON:FDEV) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Frontier Developments plc's stock has risen above its 50-day moving average, trading at GBX 380 ($5.12), with a peak of GBX 383.70 ($5.17).
• The company has a market capitalization of £146.74 million and shows financial metrics including a quick ratio of 2.61 and a PE ratio of -6.84.
• Insider David John Braben sold 15,000 shares at an average price of GBX 381, contributing to a total of over 320,107 shares sold worth approximately $119 million in the last three months.

Frontier Developments plc (LON:FDEV - ) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 355.15 ($4.79) and traded as high as GBX 383.70 ($5.17). Frontier Developments shares last traded at GBX 380 ($5.12), with a volume of 80,778 shares traded.

Frontier Developments Price 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 stock has a market capitalization of £146.74 million, a PE ratio of -6.84, a PEG ratio of 2.11 and a beta of 0.03. The company has a 50-day moving average of GBX 355.15 and a 200 day moving average of GBX 261.74.

Insider Activity at Frontier Developments

In related news, insider David John Braben sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of GBX 381, for a total transaction of £57,150. Insiders sold 320,107 shares of company stock worth $119,062,919 in the last three months. 49.47% of the stock is currently owned by 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.

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