Frontier Developments (LON:FDEV) Stock Passes Below 200 Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 247.56 ($3.10) and traded as low as GBX 190 ($2.38). Frontier Developments shares last traded at GBX 199 ($2.50), with a volume of 16,209 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 11th. Berenberg Bank restated a “buy” rating and issued a GBX 330 ($4.14) price target on shares of Frontier Developments in a research note on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 300 ($3.76) price objective on shares of Frontier Developments in a research report on Thursday, September 12th.

Frontier Developments Stock Up 2.8 %

The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The firm has a market capitalization of £78.57 million, a price-to-earnings ratio of -355.36, a PEG ratio of 2.11 and a beta of 0.03. The firm has a fifty day moving average price of GBX 230.45 and a 200 day moving average price of GBX 247.56.

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.