Frontier Developments (LON:FDEV) Stock Price Passes Above Fifty 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 - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 355.15 ($4.81) and traded as high as GBX 383.70 ($5.20). Frontier Developments shares last traded at GBX 380 ($5.15), with a volume of 80,778 shares traded.

Frontier Developments Stock Down 2.4%

The company has a market capitalization of £139.31 million, a PE ratio of 885.92, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The firm's 50-day simple moving average is GBX 359.98 and its 200 day simple moving average is GBX 266.75. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93.

Insider Activity

In other news, insider David John Braben sold 28,400 shares of Frontier Developments stock in a transaction on Friday, July 25th. The stock was sold at an average price of GBX 361, for a total transaction of £102,524. Over the last three months, insiders sold 367,107 shares of company stock worth $136,922,919. Insiders own 37.53% 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.