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

Key Points

• Frontier Developments shares broke above their 50-day moving average, reaching GBX 628.89 and last trading at GBX 627, compared with a 50-day average of GBX 465.04.
• Analyst sentiment remains positive: Shore Capital upgraded the stock to “buy” with a GBX 650 target, while Berenberg reaffirmed its “buy” rating at GBX 600. The consensus rating is “Buy,” with a GBX 618.75 target price.
• The company reported quarterly EPS of GBX 74.60, a 27.12% return on equity and a 26.03% net margin. Insider Alex Bevis sold 50,000 shares for £258,000, while insiders collectively own 38.10% of the company.

Frontier Developments plc (LON:FDEV - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 465.04 and traded as high as GBX 628.89. Frontier Developments shares last traded at GBX 627, with a volume of 122,628 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on FDEV shares. Shore Capital Group raised Frontier Developments to a "buy" rating and set a GBX 650 target price on the stock in a report on Wednesday, September 9th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 target price on shares of Frontier Developments in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Frontier Developments currently has a consensus rating of "Buy" and a consensus target price of GBX 618.75.

Frontier Developments Stock Performance

The company has a market cap of £217.78 million, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a current ratio of 3.50, a quick ratio of 2.61 and a debt-to-equity ratio of 16.51. The firm has a fifty day moving average of GBX 465.04 and a two-hundred day moving average of GBX 417.48.

Frontier Developments (LON:FDEV - Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. As a group, sell-side analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

Insider Activity

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000. Corporate insiders own 38.10% 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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